blackgold

scofflaw scofflaw USOIL, 240, Short ,
USOIL: USOIL sell off
291 3 9
USOIL, 240 Short
USOIL sell off

The sells offs in oil are gaining momentum. A nice, weak retracement back to around 53 would make for a potentially favorable short. Let's see if it can reach that area first....

danny6787 danny6787 USOIL, 15, Short ,
USOIL: Good SHORT READY
32 0 1
USOIL, 15 Short
Good SHORT READY

Okay 1hr fib has been retraced to the 61.8%, At the current time of publishing stochastics oversold on the 15 minute, overbought on the one hour. This could hold at $44.72 and go lower but we do have a channel support half way into the channel. Waiting for volume to show the direction of the market.

Tradingglen Tradingglen USOIL, 240,
USOIL: Looking for position to go short? lets have a look.
214 0 2
USOIL, 240
Looking for position to go short? lets have a look.

Wait for pullback. I think the oil is going lower, And why not getting some money for your wife's christmas gift? :) We wait for the price testing the trend. If it wants to go through EMA and trendline, set your entry-price (for short) at the place the price went trough the EMA. And wait wait for the price going back. We see a example at the first lightblue ...

TradersClub TradersClub PRO CL2!, D, Short ,
CL2!: Oil at $40 a barrel is real prospect. Target at least $51
126 0 1
CL2!, D Short
Oil at $40 a barrel is real prospect. Target at least $51

It is clear the world needs cheaper oil prices not only does this put pressure on those middle eastern countries that were using oil proceeds to fund terrorism but this sends a clear message to the Eastern powers that the world will not stand by idly while foreign nations invade each other to benefit from commodity prices. Commodities are still priced in US ...

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