Technical outlook on Crude

What do you think?

  • Agree

    Votes: 23 53.5%

  • Disagree

    Votes: 14 32.6%

  • Don't know

    Votes: 6 14.0%
  • Total voters
    43
I know it can change any moment, but it's not really breaking down as it ought to considering IF it's still bearish, clearly serious trading entities are seeing bullish signs here


edit 1 min after post: LOL indeed :)

nice trade Usman
 
Quote from usman88:

inventories are excess

market will play around it thus my range 8690-8730.

I am short
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!!!!!!!!!!!
sell short AGAIN at 8730 target 8640
 
Even more of a wedge, price bounced of wedge's lower TL so far, setting up a triple D on hourly, when that completes I will be looking for a long entry
 
84.425 is critical short term swing support. I'm short from 02/01 open and will stay that way until I see something to get me out. 88.750 is my current stop.
 
Quote from usman88:

if u just went long then i suggest square immediately....going down now
added to short at 8760
More...

Trade what you see is name of the game, sometimes we make mistakes, sometimes they are not mistakes, just being on wrong side of market. So far today I had a very good day trading what I see, if this one doesn't go my way it has a 20-30c stop on it, potential reward much greater. Anyway, I am not going to wish you good luck on this one as I am long :)
 
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