Time to go long oil

Short term I like the look of US Crude. Going long here @ 4612. Wish me luck

 

Do you have a target in mind?

 

When you take a directional position like that, do you go all in at one price or do you enter a percentage initially and add to it at a later date?

 

I tend not to use targets but I'll say 55 ish.

 

I have taken a medium position here and perhaps I will add if it goes well.

 

I'm short still from 48.30 (10:30 est). Target was 45.05, but I just brought my buy stop down to 46.55 if we hit 46, I'm closing and going to bed.

 

Good luck..

 

going to bed. now flat

 

Not for this year.. Still no strength to inflate the bubble. Oil vendors are increasing the volume of production supply still putting pressure upon demand so no upturn in next 6 month. But entering long on retracement (1-2 year carry positions) can yield sizeable results, I believe.

 

I see that you closed the trade, but I still wish you good luck.

The oil price will go up.