BombayBulls
Long

Crude Oil trading strategy for today - 1/25/2016

FX:USOIL   Crude Oil (WTI)
75 0 0
For WTI crude oil             , 30 is very critical level. Can't tell whether there will be trip to 34 - 36 from 30 or will submerge further. But since equities and other commodity currencies are trading in lock step with oil             right now, it is a key to our trading strategy today. Initially we believe 30 will hold the first attempt at least. So here on spike lower, buy equity ( S&P             futures - around 1975 support level ), buy AUDUSD             and then wait for quick bounce to offload some. Don't let entire position go because if this is the interim bottom then you won't get more chances. Sometimes we don't need to know the exact future but technical analysis can give us good support resistance levels to trade around and keep the account growing.
Our USDCAD             long has worked out well so far. Not much convinced from the bounce from support level but still 50 pips is a good start of the week !
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