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ridethepig
Mar 23, 2019 1:41 PM

Clashing forces on the supply side Short

WTI CRUDE OILTVC

Description

Here we are tracking the continuation of the move down in Oil.

On the demand side, manufacturing is starting to slow and we are outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day.

Prices will have to fall to offset the move in demand, once this starts coughing there is only one direction for Oil.

Best of luck

Trade closed: target reached

A flawless move...
Comments
telsilicon
What a great call. What do you think next considering current sell-off.
cycliscs
You seem to nail it along the way
PLAINVI3W
Wouldn't you think the less supply the more the price will go up?
mattgetsbarreled
good catch with a head and shoulders top forming
Zoen_Trieste
Good presentation, as always.
ridethepig
@Zoen_Trieste, Thanks for the kind words
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