USOIL: Top is in?
Updated
I'm fairly certain we're seeing an intermediate term top in oil here. I'm short, via a 3% long position in SCO. (I'm also long 
USDCAD, 
USDMXN, 
USDNOK)
I'm open to going long again, but I think we'll see profit taking a rapid decline next.
Risk a new high, 0.5% exposure and off you go.
Cheers,
Ivan Labrie.
USDCAD, USDMXN, USDNOK)I'm open to going long again, but I think we'll see profit taking a rapid decline next.
Risk a new high, 0.5% exposure and off you go.
Cheers,
Ivan Labrie.
Trade closed manually
Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.
Note
Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.Note
Top WAS in. We had shorted last Thursday but I didn't get to update on time.Trade active
Note
Keep a stop at entry price and close half the position.Note
Note
Top was in...
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