LastBattle
Short

Oil is getting toppy

FX:USOIL   Crude Oil (WTI)
Might make a spike towards $50, but regardless this is a good place to start shorting or to buy out-of-the-money puts for August 2016 at around 45-47.
I'm not too bothered about not having a stop loss on my DWTI             and CL             options here...

Oil             isn't going anywhere..
  • Net long position near record highs
  • Weakening Chinese demand
  • Short squeeze is done
  • Frackers aren't dead yet, the battle for marketshare between Saudi, US, and Russia continues.
  • Is Dennis Gartman finally bullish of oil? LOL
  • Most importantly, mainstream media collectively are now bullish of oil             despite the fact that fundamentals have not changed. The only thing that's changed is the sentiment of the market participants

http://oilprice.com/Energy/Energy-General/As-Net-Long-Positions-Near-Records-Is-The-Oil-Rally-Overdone.html
http://www.bloomberg.com/news/articles/2016-05-17/venezuela-offers-discounted-oil-in-battle-for-u-s-refineries
Comment:
snapshot


USDCAD and the inverse of oil price decoupling... let's see how long this could go on..

Trade is still active.
Comment:
snapshot


RSI broken down on the daily
snapshot


Some work for the bulls... recapture 49.1 in the next few hours or die.
Reply
Do not short Oil.It Will be 55$ next week.
Reply
A spike to 50.9 is possible, but I doubt it will hit 55.

snapshot
Reply
snapshot


Ridiculous low volume ramp today :D
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out