USOIL: Top is in?

٣ يناير ٢٠١٧

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.

٤ يناير ٢٠١٧

ملاحظة

zerohedge.com/news/2017-01-03/opec-deal-non-compliance-begins-iraq-accuses-kurds-pumping-more-double-their-quota

٦ يناير ٢٠١٧

تم إغلاق الصفقة يدويًا

Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.

٩ يناير ٢٠١٧

ملاحظة

Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.

١٦ يناير ٢٠١٧

ملاحظة

Top WAS in. We had shorted last Thursday but I didn't get to update on time.

١٦ يناير ٢٠١٧

تم فتح الصفقة

١٨ يناير ٢٠١٧

ملاحظة

Keep a stop at entry price and close half the position.

٣١ يناير ٢٠١٧

ملاحظة

٦ مايو ٢٠١٧

ملاحظة

Top was in...