tntsunrise
Short

OIL Forms a TRI-ANGLE, still prefer to short

FX:USOIL   Crude Oil (WTI)
6773 38 166
4 months ago
OIL             has stopped making
lower low
but lower high still in play.
Therefore we can see a tri-angle

if break upward, oil             will test 47 level again
if break downward, oil             will make lower low and
goes to 42
what I prefer to do is still short oil             .
the structure tells me that the pressure is very big
4 months ago
Comment:
snapshot
4 months ago
Comment: nice one. 40.44
4 months ago
Comment:
snapshot
3 months ago
Comment:
snapshot

channel broken
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insomnia.kzhang
4 months ago
still not sleeping yet? Rig count just came out, US adding 6, Canada adding 1, but this thing didnt move that much.

Reply
tntsunrise TOP insomnia.kzhang
4 months ago
hi insomnia. i know you just signed up my August course right! haha
Yeah. too late for me, i gtg to bed now.
Reply
insomnia.kzhang tntsunrise
4 months ago
:) Good nite!
Reply
insomnia.kzhang
4 months ago
do you think it will have a direction today? Otherwise will be next week.
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tntsunrise TOP insomnia.kzhang
4 months ago
won't be today.
Reply
Fabby PRO
4 months ago
Shorting Agreed,

I have posted yst too. 46$ seems to be a test level and i would NOT want it to do further down without testing this level.
It tested this level for 5 times daily already. I expect a pull back with the bearish rig count in mind on monday.
Reply
den_
4 months ago
Thanks Jack!
Reply
bunah2
4 months ago
agree to short
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Trendhopper PRO
4 months ago
HI Jack, thanks for sharing, you have been very accurate on oil recently....It broke up so looks like its going to next level of resistance around 46.7 - 47.00 area, 45.80 resistance is now acting as support, I feel that its just waiting to line up with the lower trendline before going up to next level, next level would be a good area to short. I learnt all this from you so hope i'm on the right track, please correct me if you have time to say this is a crazy idea....thanks and good luck with your trades
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ReneK
4 months ago
I put a line there, and i put i line there. And i see a support line.... And there you go, it go wrong . IT doesn't work like that.
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sickerp
4 months ago
Very good
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uperth
4 months ago
Hi Jack, would it be possible to update OIL? Are we expecting a correction which would offer us another entry point to go short?
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Dguaman
4 months ago
Hi Sir. i would like to enter in this call, can I ?? .. or i must wait a little correction ; maybe after supply data? thanks !
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KashifN28959685
4 months ago
Hi, Price moved to 42 today, is it advisable to short from that level, please advise.
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tntsunrise TOP KashifN28959685
4 months ago
44.40. use the structure to help
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jonesrj
4 months ago
Jack, I closed my short on USOIL many days ago near $42. I am thinking the chart looks like it is getting ready to go long. But I was really expecting more retracement before the long....near the 50% ($38). What do you think?

snapshot
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tntsunrise TOP jonesrj
4 months ago
agree. i closed half my short at 41.80,
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Hi Jack, I have been following you for a while now and am really amazed by how close to spot on you are with your trades, I'm very young in the world of trading, but by following you and studying your methods, I noticed this on Crude today, I looks like a Libra has formed on the D chart, am I seeing this correct.

-PS- I do want to do your course as soon as I have enough capital/ balance to withdraw that amount without impacting my risk capital too much.
Reply
AdriaanGeorge PRO AdriaanGeorge
4 months ago
snapshot
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mnwind
4 months ago
Jack,

Got a question. Oil future CL September contract is going to expire soon (this week?). September future reaches $43, but the October contract gets close to $44 today. Should we use September or October price for 44.40 break watch?

Thank you!
Reply
Dguaman
4 months ago
Some potencial September freeze from OPEC. I hope doesnt happens so we could get this short :D .. also Crude inventories coming !
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tbuckle PRO
4 months ago
Do you believe the correction will go to 44.4?
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tntsunrise TOP tbuckle
4 months ago
good question. I dun need to belive the correction will go 44.40 or not, but I do belive i will short oil at that level.
Which means, I only want to pull my trigger at that level, whether i got this chance to pull the trigger doestn matter.
+2 Reply
MiDiGre PRO tntsunrise
3 months ago
Jack...are you telling us that we could put a sell limit at 44.40? If....is it a good SL 44.90? Thanks in advance
Reply
MiDiGre PRO MiDiGre
3 months ago
*If yes...
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asTroLoGiCaL
3 months ago
Thanks for the idea Jack, if you don't mind me asking what values you use for RSI, just default? Thanks again
Reply
tntsunrise TOP asTroLoGiCaL
3 months ago
7
+1 Reply
asTroLoGiCaL tntsunrise
3 months ago
Thanks for responding Jack, I respect your work very very much. Watch your videos on youtube frequently.
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Dguaman
3 months ago
So Jack, we see now that the channel is broken, can we short now Oil, or better wait for a pullback and short? Thank you !
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tntsunrise TOP Dguaman
3 months ago
The pull back is already happened
+2 Reply
Dguaman tntsunrise
3 months ago
So isnt good to short now at 42 ?
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tntsunrise TOP Dguaman
3 months ago
dun chase the price.
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uperth
3 months ago
Thanks Jack just went in on the top, then it turned,... what is the target?
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yeocs93
3 months ago
Hi jack, any update on this? Seems to have broken previous high
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nbn007 PRO
3 months ago
the oil will go up strong?
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uperth
3 months ago
Hi Jack, could you please offer your thought to current Oil actions? Thanks
Reply
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