USOIL Looking Back..OIL. Used all around the world all the time. When we saw the rally up to the 130$ Area and people were screaming to buy more.. It had to be questioned what was stopping them from being in reality..
When things raise in price, people sell. That is the nature of any market, it doesn't matter what you are trading... And we were no different calling this short for weeks and weeks.
People laughed and said.. Nope, its going so high and will never come down. Well news for ya guys, that's NOT sustainable.
If you are trading markets like this is times like this you will need to change your risk plan. you can't trade normally when market conditions are not normal.
And remember, what comes up always comes back down sooner or later.
For those trading it now, you have hit an Early Long zone / Exit zone. trade it LIGHT and RE short on a higher rise.
