AlexTrik
Short

USCOIL / WTI SHORT-TERM SHORT TRADE

FX:USOIL   CFDs on Crude Oil (WTI)
I can see a clear trend reversal after hitting a major resistance point at $50. This leads me to believe than in the short-run there is enough room for oil             to tumble. Scenario #1 is that there is a weekly window during which oil             will fall to around $45 and bounce off. Scenario #2 is that oil             tumbles down to its previous major level of support at $29. Overall I have a bearish sentiment on oil             . This mainly stems from OPEC's inability to regulate supply. More specifically, I see no intention from S.A.             to cut its supply. This leads me to think that the market will revaluate oil             at around $30. That is mainly due to S.A.'s ability to produce oil             at a cost of $20-25 -per barrel which in the short term will create a market failure.
Trade closed: target reached
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out