OIL - LONG After Bull Blood Bath
Updated
The market was unloaded today
All bulls on margin call: who buy dip, who buy after OPEC meeting, who sustain the price in march
I think Open Interest sufficiently decreased, and the new bull cycle arisen
Commercials have reduced net short position and new, fresh and brave bulls ready to buy every dip
Open: 45.50
SL: 44.60
All bulls on margin call: who buy dip, who buy after OPEC meeting, who sustain the price in march
I think Open Interest sufficiently decreased, and the new bull cycle arisen
Commercials have reduced net short position and new, fresh and brave bulls ready to buy every dip
Open: 45.50
SL: 44.60
Trade active
Price 47.50 Fixing 10%
Note
10% on 47.50 fixedTrade active
20% fixed on 48.0070% position remain
Trade active
Move SL to 45.51Trade active
10% fixed on 49.0060% position remain
Trade closed manually
48.50 Closed manuallyS&P free fall, risk increases in oil LONG
Note
49.56 Buy Stop OrderNote
Order cancelledNote
Manual close was not a wise decision..Now I'm outside of this rocket :(
"Buy stop" order was a good idea, but lost too in uncertainty
Next week, i'll try to find an entry point for myself, and publish if it is safe enough
Or not, if risky
Try to find your own entry point on key support levels after price correction if market shakeout you too.
Trade active
46.00 Back in actionTrade active
Adding here, SL 44.15
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