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Usoilsell

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
USOIL- SELL +++Got stop-out at $ 93 and minor discomfort since the short was average $ 91.25. Looking at the chart and also the condition of market, and yes, am aware of reports etc and we all are no doubt, the hype is BUY BUY and BUY.. but the question is in how far is market LONG. On a historical note, OIL can move drastically and as we all remember, we were even in negative terrain as well. So, for now, am RE-SELLING $ 93.75-94.25 again (very small as a note as I always do with more volatile instruments), and SELL agan $ 95.50, $ 97.00 (increase more, i.e. heavier weighing). No stop-loss and profit order at $ 77-78 as before.
TVC:USOILShort
by peterbokma
1
USOIL-SELL strategyI am moving the stop-loss higher, as I am not very worried about the slight move upwards. The reasons are understandable, and as long we got the Ukrain crisis, OIL will be bid up. However, considering the conditions of the market, market is LONG already and is looking for further unlucky LATE BUYERS. For now, I feel we SELL CURRENT $ 88-90 and keep stop-loss at least $ 95 or higher. We may even move it higher later, as I prefer to add small increments on strength. It is very likely to see a return level of $ 72-74 again and that is also our profit objective for now.
TVC:USOILShort
by peterbokma
4
Daily Crab Complete 🦀USOIL - Deep Crab Complete landing in a strong supply zone pushing price down and breaking the HTF momentum line (I was waiting for this break because price has been pushing up for a while) Great confluences here for a sell! (LTF and HTF) Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:USOILShort
by ProFxAI
2
USOIL- SELL strategyStop-loss was executed sligtly above 87.00, and I have re-instated the short once again. I am not convinced the run up can continue too far (one never knows for sure of course). The daily-chart RSI is above 73.0 and the stochastic is in the higher range and showing turning. I feel overall I am happy being short, but will place the stop-loss little further away. The strategy is sell current $ 86.50-87.00 and place stop-loss $ 90.00. The profit objective still $ 73-74 I feel. we can recover the small loss. Just bear in mind low leverage always, which is the key to successful managing the funds we have under our belt.
TVC:USOILShort
by peterbokma
4