Crude Oil Prediction 2018

[Maverick74]

cl down to 72.85 now. Hope some of you followed me on that trade.

Sorry Rob, we didn't. LOL.

 

[treeman]

Are you trading the spread?

 

[treeman]

I’m probably dumping the rest of my July contracts tonight... looking pretty heavy from here.

 

[treeman]

How I’m reading the chart.. we should revisit 69 (hehe, 69), with a reasonable chance of going down to 66ish. From there, things get a bit murkier. If it fails to hold there, goodnight. It’s a major support area. If it holds, I will be looking for new 52wk highs.

I’m leaning towards it not holding. Brent looks bad. A close for the week under 72, and it’ll look ripe for an aggressive short. Hearing oil at major support right now. It’s a big mess out there right now.

Imo, of course.

 

[treeman]

Heating oil too.

 

[traderob]

74 when I opened that short trade: Now about 70.6. Time to close.

 

[treeman]

That’s a shore purdy lookin’ bear flag you got dare.

Looking to get short. And not with that wtic crap. either Brent or heating oil... decent sized line.

 

[treeman]

I’ll probably be reentering long tonight.

 

[nillionaire]

I have a $4.00 tgt by early next year. Buy the dips.

Anyone buying this massive dip in copper?

 

[treeman]

Maybe after it does a w. Until then.. hanging short.