USOIL Is this pullback fake or real? Write me your comments

WTI CRUDE OILTVC

Description

⋅ Apr 23, 2020 7:51 PM

HI
NEWS:
-Top oil hedge-fund trader sees more pain for crude as coronavirus crushes demand
-Dow Jones Rises As Pace Of Job Losses Slow; Oil Prices Recover
personal opinion:
-Given the declining demand for oil, we will probably see oil spill again, but we can't say for sure that this is why I want to know your views.

Please follow my support and like my posts.

see you later

GOOD LUCKY

Comments

ShortInTheTooth

⋅ Apr 24, 2020 12:25 PM

I'm also shorting it. We're still a long ways from a real rally.

mr_0_nobody

⋅ Apr 24, 2020 12:27 PM

@ShortInTheTooth, So right

Aadil1000x

⋅ Apr 24, 2020 7:15 PM

i dont think we will see huge drop again in oil price but i am expecting drop to 14 and up again. This is my analysis for USOIL.

sprogy

⋅ Apr 24, 2020 2:27 PM

bought @6.6, so I will hold, though it's unlikely to break out any time soon

Oktam

⋅ Apr 23, 2020 9:08 PM

I'm short currently, considering the whole situation $17 seems overpriced to me.

mr_0_nobody

⋅ Apr 23, 2020 9:10 PM

@Oktam, wish you luck

Martybugatti0502

⋅ Apr 23, 2020 8:46 PM

Totally agreed! Oil will likely to drop to around 4 dollars in a couple of days. The question now is when to go short?!

mr_0_nobody

⋅ Apr 23, 2020 8:50 PM

@Martybugatti0502, If the pullback is correct, we will lose more than $ 4, and we can trade for short right now, of course, by observing the stop loss.