Oil: I call short term bottom right here

Quote from BCE:

Quite a battle on QM today as it tries to base. Any rally attempt above 64 gets hammered with selling and any dip around 63.675 or so gets gobbled up by buyers. Tried a short earlier at that level as it was looking like it might break down further but covered at break even before it ramped up again. :) Good luck with your trades everyone. :)
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triple bottom right now.. its going down...
 
Just missed this selloff. Damn. :) Didn't pull the trigger again at 63.625. I was just a little too early on my other short. Oh, well. :)
 
Quote from BCE:

Just missed this selloff. Damn. :) Didn't pull the trigger again at 63.625. I was just a little too early on my other short. Oh, well. :)
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we might be at a midpoint. this thing might go to 62.5 .. you can take the risk and sell a few at 63.200..
 
Quote from Surdo:

A lot of the weak LONGS have been shaken out of the tree, I may take another swing below $63.
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I think rather is strong shorts forcing the action.
The thing came from 10 bucks in 99. The dude from goldman still have 50 bucks profit.
 
Just scalped it for $50 short but it's more risky now. The one I missed was a lot better. I think this could break down further to 62 or so EOD, but we'll see. Maybe it rallies a bit off the 63 like you're saying. Again, hope everyone makes out well. :)
 
Quote from brandon12:

Nice bottom call rm and the boys. Now you get to feel the pain of the rest of the corpses who've tried to call bottom for weeks
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It's hard to call an exact bottom. It's trying to base here. Only time will tell on these things. No one really knows until after the fact. That's trading. :)
 
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