Oil - Short / Wait
Updated
I wouldnt touch this until the $72-74 region. Even there i would hope to get in lower. Patience required for an attempt to long this. Not an area i would short either despite the title. Just think, a wait and see method is best for Oil at the moment.
Last oil trade we road from $66-67 area up toward $90. Lets do it again.
Last oil trade we road from $66-67 area up toward $90. Lets do it again.
Note
Currently in the $72 region as expected. Just took nearly 2.5 months. Going to be patient with this. See if we can get in lower.Note
Wanted to buy in lower, may have missed my entry. Not going to chase this. If you are in id be looking toward the $83 area. However, my plan is to keep an eye on this and see if we drop back toward the low 70s / high 60s to be a bidder.Note
only took 6 months, but we are approaching low 70s... still holding out due to the opec news. No reason to rush a trade here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.