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Crazy-Trader-Kenny
May 15, 2023 10:18 AM

Short-term short selling of crude oil Short

WTI CRUDE OILTVC

Description


Judging from the high-level trend chart, crude oil is still in a trend channel of shocks and declines. In the short term, I personally still think that it is mainly short-selling.
70.35, as a support pressure conversion point, is now maintaining shocks. During the downward process, the front support may become short-term pressure. So when looking for an upward breakthrough, it will take time to confirm,



Going high and shorting mainly, the first target position of take profit is 69.9 and the second target position is 69.4

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The crude oil market also maintains a 70.25 first-line shock. At present, this position is very controversial and can be deployed one after another.
Comments
Tradersweekly
"600% profit last week, expected 300%+ profit this week" - That sounds like you have either a very small amount of capital under management or that you are being highly overleveraged (or dishonest like most of the people claiming these numbers while not mentioning how much they incurred in losses). Which one is the case?
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