xsubtownerx
Short

Clean Short Swing - Oil Daily

TVC:USOIL   Crude Oil (WTI)
119 0 3
Today oil             gave up all its gains from yesterday, which is a key signal that more pain is coming (albeit short term). I see two sets of bearish RSI divergence points after today (one longer term and the other short). All signs are here for a clean short swing in oil             . I will be starting a short position tomorrow (unless of a massive drop overnight), and will set my first target at the 48-ish area and a stop a little over the 52 mark. I will update tomorrow evening. GL!
Comment: So I started my short position at the 50.60-ish mark today. A lot of choppiness with oil and I wasn't too sure who was playing who. Maybe the massive DDoS attack today was too blame. Target remains the same as the OP, and I have set a stop-loss at the 52.15 mark, although I may tweak it depending on Monday's action.
Comment: Bittersweet day for both sides. Trading plan still remains the same although I will reevaluate the stop-loss after tonight's action. today's daily candle isn't the most inspiring for shorts to be honest but the bearish indicators are still very much obvious.
Comment: Nice comeback for the bears today. Tomorrow's inventory will be interesting to say the least. 49.17 level is key for both sides. GL
Trade closed: stop reached: I ended up getting stopped out this morning @ 49.90 after the inventory report. Unfortunate but I'll take the gains and reevaluate later.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out