Crude Light - Let me take a different view than most analysts

FX:USOIL   Crude Oil (WTI)
508 5 6

The path here is just for "fun".

What matters is how we manage each leg and how profits are used to finance the next leg.

To start with, i would short 155 stop 158 see if it gives me a stop win opportunity..
why? on which trend! indications that market (supply and demand) she provides, what makes you think it will go up. thank you
at 20 everyone would buy it.. probably not going there.
so where? somwhere between 43 and 25 most likely.. maybe just traps.
scenarios are scenarios... it does not matter.. what matters is when/how you trade and right now: i have no position.. i wanted to short 55/57 but it seems it wont be provided in the required time frame.
+1 Reply
what you are talking about is the narrative of the past few months... i suspect this narrative will be different in 6 months.

I would certainly not blindly stay short because all the media agree there is too much supply.. away from supply/demand, crude is a commodity that can be disrupted at any point if something geopolitical happens.
+2 Reply
Right now Brent has moved exactly like this. WTI has not though.
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