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Usoilsell

USOIL-SELL+++No change in view. The market condition is very long, and even though the news points to supply shortages, one can see its more speculative, is my personal view. I was unable to buy back the move lower $ 115 (low 115.52) but short is not bad around $ 118.50 (rounded) with reasonable leverage. The strategy for today I feel we sell $ 130 above if seen. If new sell current and add $ 140 above. Profit orders 25% @ 115; 25% @ 108 and balance at $ 96 for now.
TVC:USOILShort
by peterbokma
12
USOIL-SELL++++No change in view. The market is getting carried away, and that is seen in the very long market conditions. That is why in all cases, I maintain low leverage to ensure I can obtain better averages and also managing the exposure. I had stated I would be adding $ 118-120, and lucky enough we are above $ 125 and I have sold again but with a slightly higher leverage. Strategy is ADD SELL current $ 125-127, or if new position as well. We will monitor where further sells will be placed. Right now my average is $ 115.02 SHORT but leverage is reasonable and slightly increasing due to the latest sell. Profit order 25% @ 114, 25% @ 108 and rest $ 98.75 for now. The situation no doubt is getting worse, and we will see further developments.
TVC:USOILShort
by peterbokma
3
USOIL-SELL ++++No change in view. I have added SELL $ 113.50 and will see how Monday start looks like. I will add further up and now have an average short @ $ 109.30 with low leverage. he conditions are overbought on short-term and medium-term basis, but we understand spikes can happen, but dips as well as we have seen last week. Strategy for new SELL at current $ 114-115.50 and add $ 118-120, but keep small leverage to protect yourself. For adding, ADD SELL $ 118-120 area (you might have added $ 113.50 as I had written on my analysis). Profit order 25% @ 107.50, 25% @ 102.50 and rest @ 95.75.
TVC:USOILShort
by peterbokma
2
USOIL-SELL ++++No change in view. The market condition is long, an even considering the circumstances, it is clear market has created speculative longs. The RSI is getting to extreme levels short- and medium-term. Strategy is to ADD $ 115 once again and increase leverage slightly. Personally am comfortable with low leverage with an average of around 104.70. For new SELL current $ 112-113 and add $ 115. we trim around $ 98.90 and again $ 93.75 for now. The balance below $ 90 for now.
TVC:USOILShort
by peterbokma
2
USOIL- SELL strategyNo change in view. I like to note that we are not out of the wood works as yet. We could still move back higher, but for me that is the chance to sell into rally. For now, if existing shorts add to shorts $ 99-101 only. For those new, SELL @ $ 98 and add $ 99-102. Profit order $ 85.75 for now. Just wish to clarify for information purpose and education, as I got one remark from someone. If you have observed my entry end exit levels, you understand I have beefed up my average which is roughly $ 102 now.
TVC:USOILShort
by peterbokma
4
USOIL- SELL strategy The OIL short average is fine around 95.85 now, and I will reduce 25% again at current $ 91.45. The position is now only 50% and we take profit at 88.20. For new positions SELL $ 92-93 and add (for existing shorts only add) $ 95 and 98 for now. I will use stop-loss now at $ 102. Profit order same $ 88.20. In terms of technical side, stochastic is negative and we have nearby DC resistance, and likely this may hold. The situation no doubt is unsure, but the leaders are very concerned, as they should be. Let's monitor it, but for now am a preferred short.
TVC:USOILShort
by peterbokma
USOIL-SELL strategySo far only 25% of position taken back. We went to a low of $ 89 rounded, and bounced back current market $ 92.00. The end result is still a Doji star. The RSI is still high, but daily chart corrected a bit. The stochastic weekly is negative and is at a high level suggesting we will see low in the coming sessions. Of course oil bounced back on Biden statements, and we just have to wait and see what happens. If something drastic happens, market will react upwards. If the situation eases, LONGS will be liquidated again. Let's see the developments. The overall view remains same. expecting correction back towards $ 78-80. Strategy is SELL $ 92-93 and sell further at $ 96-99 and 101 for now, in case we go up first. If not, take profit 25% at $ 88.50 and rest 80.50 now.
TVC:USOILShort
by peterbokma