tntsunrise
Short

USOIL Similar to Gold: Inverse 1.618 EXT

FX:USOIL   Crude Oil (WTI)
4636 38 88
8 months ago
USOIL             Similar to Gold            
Power of Inverse 1.618 EXT
If you want to short oil             , or if you want to set
a great place for you to take profit of your
long position.
40.20 will be the best level.
Watch for RSI Overbought and
Price action as a confirmation to enter the trade.
Good Luck!
8 months ago
Comment: Getting Closer to 40.20, get ready
8 months ago
Trade active: Prive Action is good.
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Omarragheb
8 months ago
Thank you Sir :)
Reply
Yan Lin Yu
8 months ago
The current April Contract is going to expire soon and when it changes to May contract, the price of USOIL will jump straight to the price of May contract. At the moment, the price of May contract crude oil is already at 40. does it mean actually the oil has already reached the entry point ?
+1 Reply
tntsunrise TOP Yan Lin Yu
8 months ago
dont worry, the USOIL here is a CFD, it will follow the active contract.
Reply
AlbertCheng tntsunrise
8 months ago
i m using CFD. Because of Contango, May future price is higher than April. So I have the same question, when Apr expires, the price might automatically higher, in that circumstances, is 40.2 still a good entry point for short?

I am your follower and have learnt a lot from you. Thanks

+1 Reply
captain_smollett PRO tntsunrise
8 months ago
Hello! There was a switch last month. at least on my broker. Was on the 17th of February, just before close.
Reply
DinhVanThach tntsunrise
8 months ago
USOIL down mean SPX500 down mean = Gold down? I do not think Gold will down with USOil.
Reply
Yan Lin Yu DinhVanThach
8 months ago
Recently, Gold is reacting opposite of Oil , so if USoil going down , Gold should be up
Reply
RationalTrader
8 months ago
I have some problems seeing how any fundamentals can support this resistance...I am afraid it will become a support instead:s
Reply
Csys
8 months ago
Yes that seems to be a good power zone to go short.
Reply
Very nice zone man!I also got my "little crab" there:)I don't trade crabs often,but this can be used as an additional filter as well!Going to get short around that area as well.GL!
snapshot
Reply
tntsunrise TOP Don_Corleone
8 months ago
nice view!
Reply
shinsky
8 months ago
What's your TP and SL if this happens?
Reply
tntsunrise TOP shinsky
8 months ago
will see the price action first
Reply
jangseohee
8 months ago
snapshot

snapshot
+1 Reply
jujiang
8 months ago
wait for 40, or 35
Reply
mix95 PRO
8 months ago
Hi Tinsunrise, would you please let us know if you have some sort of timing/range of period that you expect to reach the target of $33.7? I understand it is difficult to say/calculate/predict. The reason I am asking is because I am bad with timing. Often I have a good and realistic target but changed during the course because I see there is no price movement or see a wining trade turn into a small losses etc or sometimes just feel impatient. If I can see some sort of timing period which will help me trade better. If not too much trouble, if you can give a range/period/timing for each of your analysis, I am sure a lots of us will be greatly appreciated. Love your work and thank you so much for everything.
Reply
tntsunrise TOP mix95
8 months ago
My sugesstion is : after you enter the trade, set the SL and the Target, forget it. Patience is very important of trading, don't change your target and SL during the trade.
Reply
mix95 PRO tntsunrise
8 months ago
Thanks for your advise. I appreciate it.
Reply
AlbertCheng
8 months ago
Sir Jack, i learnt a lot from you on trading. You are good trader and coach! if we enter short position at 40.2, what should be the SL and target profit? Right how Oil is very strong
Reply
tntsunrise TOP AlbertCheng
8 months ago
Need to set SL based on the price action
Reply
AlbertCheng tntsunrise
8 months ago
what do you mean by price action? i remember when oil price was falling, you said 36 is good entry point for long and the SL is 3570. 30 Vs 200 or more upside is worth. How about this time?
Reply
AlbertCheng tntsunrise
8 months ago
The bulls are very strong. Shall we enter short position at 41.41 which is Fibs 0.618 from 50.91?
Reply
hir0406
8 months ago
have anyone shorted crude??
Reply
AlbertCheng hir0406
8 months ago
i short at 39.8 but stopped loss at 40.05 I should be more patient to wait for 40.20 to determine whether to short or not. The bulls are very strong right now
+1 Reply
osforex PRO
8 months ago
Hi, I in 40.2, let see :), thanks for your idea..
Reply
ErikCZ
8 months ago
40.20 im in :) SHORT
Reply
ErikCZ ErikCZ
8 months ago
SL PLEASE :)
Reply
FrankBardoux ErikCZ
8 months ago
I set mine at minimum $40.32 ;D
Reply
FrankBardoux ErikCZ
8 months ago
$40.20 short...in :)
Reply
mvenkatesh
8 months ago
sl and tp
Reply
We are at the middle of the intermediate cycle. 4 more weeks to run.
It's a suicide to short crude now.
Reply
kizly
8 months ago
Done. now few days bear-bull fight follow
Reply
FrankBardoux kizly
8 months ago
Oil at $41.58 to start...wow...SL at $40.32...
+1 Reply
hir0406
8 months ago
i sold now at 40.1 with high stoploss .lets see hoe it goes
Reply
nbn007 PRO
8 months ago
Very Good Sir.
Targets for short 37,16 & 34,79?:/
Reply
NietoFX
8 months ago
Does this trade still active?
Reply
Michael918
8 months ago
US Oil just rolled over from April to May contract, the price went up accordingly from $39.30 to $41 over. That's a big jump, I never traded CFD before so I am curious about the profit for this move: does any one make money on this increase? Let's say you hold a long on Friday closing time @ about $39.35, do you make $1.70 for the rollover from April to May? Thanks.
Reply
VForex Michael918
8 months ago
You don't , your broker simply closes the trade Friday night because contract expired.
Reply
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