Time to go long oil

[DrEvil]

Short term I like the look of US Crude. Going long here @ 4612. Wish me luck

 

[stillgrinding]

Do you have a target in mind?

 

[rmorse]

When you take a directional position like that, do you go all in at one price or do you enter a percentage initially and add to it at a later date?

 

[DrEvil]

I tend not to use targets but I'll say 55 ish.

 

[DrEvil]

When you take a directional position like that, do you go all in at one price or do you enter a percentage initially and add to it at a later date?

I have taken a medium position here and perhaps I will add if it goes well.

 

[stillgrinding]

I'm short still from 48.30 (10:30 est). Target was 45.05, but I just brought my buy stop down to 46.55 if we hit 46, I'm closing and going to bed.

 

[rmorse]

Good luck..

 

[stillgrinding]

going to bed. now flat

 

[doggyfx]

Not for this year.. Still no strength to inflate the bubble. Oil vendors are increasing the volume of production supply still putting pressure upon demand so no upturn in next 6 month. But entering long on retracement (1-2 year carry positions) can yield sizeable results, I believe.

 

[Laissez Faire]

I see that you closed the trade, but I still wish you good luck.

The oil price will go up.