sudesh

sudesh Updated 

Even if there was a huge built of 7 M, CL is still moving up 1: the market is pricing the USA-China deal positively, 2: a clear bias to the upside with the supply restrictions, OPEC+ deal, sanctions

sudesh Updated 

1: OPEC warns of 2019 oil glut as demand slows, rival supply rises 2: Trump: Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply! 3: U.S. set to produce half of world’s oil, gas output by 2025, IEA report finds At this moment, oil is at 58.75, there is a battle between Bull and Bear. It's an over...

sudesh Updated 

From P&F analysis, short and confirmation of the short will be at 66.16 and stop loss at 66.80

sudesh

The correction waves: A-B-C has completed , and C did go below A. Short term trend looks bullish: My next target is 45.67, the top of Wave B, stop lost at 43 at the bottom of Wave A.

sudesh

OIL is a the previous resistance level at 44.45 from 20 to 21 avril. Will OIL go down below 44 or rise above 44.45?. If price break below 44, Next target 43.60

sudesh

I'm shorting oil for the rest of the day.