Updated

Wait till USOIL comes to 49.9 to 51.5 Zone.Short Then Long

You can take RSI into consideration. If everything is perfect, we can short from C point and long from point D.

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Oil hit 49.4 then drop little. wait and see it's second or third test our yellow zone.

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Short from a little bit higher than 50 and today lowest is 47.73 till now, around 230 pips earned.

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The Oil price is struggling below our yellow zone now. Whatever, you already keep some profit in your pocket. Just put your SL to your entry will do.

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Umm,the Oil still struggling around the zone. Reenter again just now. Let's see how

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Add one more position and I would like to put the SL a little higher than the purple channel up level as tonight has EIA data.

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Seems drop from my second entry from 51.16

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Now I have three short positions; 50.2, 51.16 and 51.51. I won't open any more position for this trade unless the downtrend is obvious.
Current price is 50.28, the P/L for the three positions are : -8pips, + 88pips and + 123pips.
In total 203 pips. I would like to do sth to protect my profit.

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Now is 49.8 , I earned 353 pips for my three positions

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49.52 just now.443 pips for my three positions.

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49.11 now, 563 pips earned. today may break 49

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really break 49 on friday, lowest is 48.79. Three positions have earned 626 pips !

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48.19 just now, three positions 806 pips. take note to take another profit between 47.8 to 48 range

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Hit 48, 866 pips. Take partial profits

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I look at tonight's moon and star, seems like it told me 48 cannot support oil anymore today... joking..

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today hit 47.54, 3 trades 1004 pips earned

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Hit 47.26,1088 pips in total

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hit 47.20, 1106 pips. Today may break down below 47

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hit 46.55,3 positions 1301 pips earned.

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46.12 hit, 1430 pips for 3 positions

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45.8 hit,3positions 1526pips.another almost1600pips

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hit 45.82 last night. Half profit taken on 46 as i said in last comment.

USOIL Another Potential Short Zone with 1526 pips in pocket

OuHuangTrading

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