if $GS says this is going to 40 and we're at 45, this is a no brainer to the short side. if CL can hit $40 than this could easily hit $35. i'm balls short at $46.40 with the goal at $35. this is going to be fun
Let's see where it goes after this consolidation is done. Still, it's difficult to go wrong betting on a trend continuation.
Although the opportunity has been very good, we are categorizing the crude trade as “low reward,” simply because there remains much political risk in the commodity. Experienced investors may enter/-re-enter into crude short positions if the commodity trades back up to immediate resistance. We are leaning towards the probability that the commodity will trade down to our Target Pivot before retracing back to immediate resistance.
%%%%%%%%%%%%% Good points + play on words.LOL Still looks like a good downtrend ;and Arabian downtrend.ND county can make a money @ $28 per barrel.The socialists in Ven probably wish they did not borrow so much money + micromanage oil business. Trend analysis can be easier than trading.
If inexperienced traders didn't know than the experienced traders should tell them. "We" is my investment group that I work with.
%%%%%%%%%%%%%%% Experienced traders may also like current tapping/hitting of downtrend trend lines; or the increasing sell volume.Not a prediction.That's strange; local gasoline dealers havent passed along any wholesale price increases[ yet]......................................................................................