Just a short update. I added to my SHORT @ 110.50 on sell order and was done. The average is good now 104.70 and we place 40% profit order @ $ 97.80 for now and another 25% @ 92.50. The rest at $ 90.50. Further sell will be around $ 115 only for now.
No change in view. As I mentioned yesterday, it was expected to see higher levels. My average was $ 102 and I added $ 101 and $ 108 just now. I am placing profit order 25% of position @ 95.75 for now and rest @ 90.50. For new position holders SELL current $ 108 and add $ 111 when seeen and same profit orders as stated.
The chances are, that we may see a move higher first. For those willing to take that bet, buy $ 95 and sell $ 105 if seen. For medium-term players, we are short still and we add to SELL $ 99-102 and sell more $ 105 or higher for a correction back to $ 85.75 profit level. My average still $ 102 (due to buy and sell so its the net position) I only add as the...
We are unable to really move higher currently, and the view is still we will go back towards $ 80-85 region. The short-term picture is still we may re-test $ 100 mark, and that is why I feel we SELL $ 99-101 area for new positions only, or add to existing shorts. We will add again $ 105-107 region. the profit order $ 85.75 for now.
No change in view. I like to note that we are not out of the wood works as yet. We could still move back higher, but for me that is the chance to sell into rally. For now, if existing shorts add to shorts $ 99-101 only. For those new, SELL @ $ 98 and add $ 99-102. Profit order $ 85.75 for now. Just wish to clarify for information purpose and education, as I got...
I had added @ 99.90 (as stated on my remarks section) and I bought back that 25% @ 93.75 as well. Now am still short good average $ 102.00 for now. The view is still the same, to SELL 99-101 region for a corrective move back to $ 85.50 for now. If we go first up again, which is possible under the current situation, we may SELL further $ 105. If done, we adjust...
I am short at good average (99.23) , I added at $ 96 25% of the position that was taken back before at 91.20. Still not a large exposure. I will add further SELL at $ 99 and $ 102 now. The surprise news created fear in the market, but as said looking at conditions, market are long hoping we spike even further. we will have to wait and see, and manage it from...
No change in view. USOIL has tried the $ 95 level once again, but we were unable to add to the short (high was 94.91) The setup remains selling into rallies $ 95-98-101 for a move back towards 79-81. We place a profit order at $ 80.20 on the 50% sized position.
I have reduced the exposure and have a very nice average on the 50% balance of the position before. I feel we are still overbought on weekly chart, but of course it can even go slightly higher before down. That is why we SELL into strength $ 95-98 and $ 102 if seen. Profit objective $ 80.20 for the balance of 50% position if we had no chance to add, or if some...
The OIL short average is fine around 95.85 now, and I will reduce 25% again at current $ 91.45. The position is now only 50% and we take profit at 88.20. For new positions SELL $ 92-93 and add (for existing shorts only add) $ 95 and 98 for now. I will use stop-loss now at $ 102. Profit order same $ 88.20. In terms of technical side, stochastic is negative and...
So far only 25% of position taken back. We went to a low of $ 89 rounded, and bounced back current market $ 92.00. The end result is still a Doji star. The RSI is still high, but daily chart corrected a bit. The stochastic weekly is negative and is at a high level suggesting we will see low in the coming sessions. Of course oil bounced back on Biden statements,...
No change in view. The RSI is correcting little, and stochastic is negative. Based on that analysis and the current political state, OIL LONGS are liquidating slowly. Strategy is REMAIN SHORT or when new position SELL $ 93-95-97 and 100 range, and take profit 30% at $ 88 and rest $ 78 for now.
No change in view. The selling pressure has started. the low was somewhere $ 90.50 and swift climb back. The weekly chart shows Doji forming, and stochastic are negative. the strategy remains selling $ 93-95-98-102 and profit order $ 78 but we trim 30% at $ 88. For no am not using a stop-loss, but of course if you need too, above $ 105.
We have added to our SELL at $ 95, and the average is around $ 94.30 for now with still low leverage. We SELL further $ 97 - 100 and 102 if seen. Profit order $ 85 TRIM 30% and rest $ 78.
We have re-sold $ 93.75-94.25 and I feel we should add slight current $ 93.10-93.30 again. Leverage still low, but feel we may catch move lower soon. Yes, still uncertainty no doubt, however, market has build long, and for that reason am adding here. Stop-loss prefer not too, but adding as mentioned before $ 95-97 and 100 if seen, when straight upwards....
Got stop-out at $ 93 and minor discomfort since the short was average $ 91.25. Looking at the chart and also the condition of market, and yes, am aware of reports etc and we all are no doubt, the hype is BUY BUY and BUY.. but the question is in how far is market LONG. On a historical note, OIL can move drastically and as we all remember, we were even in negative...
The USOIL is very likely to move lower. We have a negative MACD and the candle stick patterns starting to show signs of moving lower. We got support $ 87.41 to overcome. Strategy SELL $ 90-91 for move to $77-78 and place stop-loss $ 93 for now (slightly lower stop-loss).
WTI/USOIL SELL, This is what I am looking at, this could be a long term sell if get more downside confirmations.