Short Oil
Mis à jour
Continued idea from previous.
1 - The current trendline looks to be tested within the next few days, look for a bounce (long), or a break (add short).
2 - This red horizontal bar is around the $52 area (key transition area), it broke today, and closing below it over the next few days will be a good sign for shorts.
3 - Most big players got out December 30th, which points toward this level being a top for the time being.
4 - Today's drop was based on low volume, therefore we must be careful over the next few days. However, due to the large selling on December 20th, this may be all the volume necessary to truly break $52. Look for a weekly close below this level for a longer-term bear.
5 - RSI broke trend. This points towards an RSI heading towards oversold, with the price following.
1 - The current trendline looks to be tested within the next few days, look for a bounce (long), or a break (add short).
2 - This red horizontal bar is around the $52 area (key transition area), it broke today, and closing below it over the next few days will be a good sign for shorts.
3 - Most big players got out December 30th, which points toward this level being a top for the time being.
4 - Today's drop was based on low volume, therefore we must be careful over the next few days. However, due to the large selling on December 20th, this may be all the volume necessary to truly break $52. Look for a weekly close below this level for a longer-term bear.
5 - RSI broke trend. This points towards an RSI heading towards oversold, with the price following.
Note
This is still good to short imo, and I will be adding shorts when the market opens as my broker has finally fixed their problems.Note
Broker still having issues, looks like I'm riding dirty with the short position I currently have.Note
Broke trend pretty strongly, looks like we will see 40's.
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