TradingView
pacsdude
Jun 20, 2017 2:59 PM

CL drop to the low $30s? Short

WTI CRUDE OILTVC

Description

A drop to the 30S will be hard to stomach for the 'market'.

Comment

Comment

changed my time horizon/target

Trade closed: target reached

target reached - now switching to long
Comments
pacsdude
With $42.10 as the low as I'm guess that's all shes got, I will update this idea to follow the above channel to $50.5
toyinster
@pacsdude, Nice job! I closed my positions - didn't quite reach my target but close enough. Wait on the sidelines to see what plays out next.
pacsdude
@toyinster, thanks, hopefully we can all profit on this next ride up. Looking at mid August maybe for the next target?
toyinster
I've been building a position for the possibility of this move for a few months now - I hope you are right!
pacsdude
@toyinster, Keep in mind, it might want to move to the top of its descending channel 1st @ the $50 area before its next move down. This could happen by early July, first week perhaps?
toyinster
@pacsdude, Thanks - my stops are at 45 - with plenty of profit. so welcome the chance at building up another short position.
pacsdude
@toyinster, expecting this to tag $42 this week on the reports before any more upward movement.
ccrepon88
looks possible anyway.
pacsdude
@ccrepon88, LOL, thx for that and not telling me I'm nutz.
More