Oil futures: Drop incoming, any minute nowI'm monitoring the oil futures to take a daily short position, to complement my monthly short (see related ideas).
Today I shorted oil, using a stop loss at June's monthly close. You can enter here right away, and add once the daily signal triggers. I'll update the publication once that happens.
There's a time at mode uptrend on chart, and time expires on the 19th. The target has been exceeded and we're approaching a low volume resistance level, plus RgMov indicates this is a downtrend, and that we can short once we spot weakness in oil's price action, specially now, since CCI has hit overbought levels.
- Go short oil futures, CFDs, ETFs (like OIL), at market, and use a stop loss at June's monthly closing price.
Risk 0.5-1%. Not more. We will add once the daily signal triggers.
Check out my updated track record here: pastebin.com
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Cheers!
Ivan Labrie
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
