USOIL: Top is in?
Actualizado
I'm fairly certain we're seeing an intermediate term top in oil here. I'm short, via a 3% long position in SCO. (I'm also long 
USDCAD, 
USDMXN, 
USDNOK)
I'm open to going long again, but I think we'll see profit taking a rapid decline next.
Risk a new high, 0.5% exposure and off you go.
Cheers,
Ivan Labrie.
USDCAD, USDMXN, USDNOK)I'm open to going long again, but I think we'll see profit taking a rapid decline next.
Risk a new high, 0.5% exposure and off you go.
Cheers,
Ivan Labrie.
Operación cerrada manualmente
Today's action is a failure for bears. I'd reccomend standing aside for now and let the market show its hand next.
Nota
Looks to be topping but not too safe to short. I'll still reccomend not trading oil for now.Nota
Top WAS in. We had shorted last Thursday but I didn't get to update on time.Operación activa
Nota
Keep a stop at entry price and close half the position.Nota
Nota
Top was in...
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.