Long oil the dollar is screwed.

The fed does not even give a shit about the dollar. Next week we will get new Crude oil highs. I am long at 114.50 with a stop at 114.13.

 

I am of a complete opposite opinion (and position).

 

Stopped out at break even. Wrong call. My apologies

 

using a tiny stop on a "fundamental" call isn't going to work.

but i still don't agree with your opinion

 

Comming up on some support 109-110

 

That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.

 

That is why I bailed. I use technical analysis, but I am sometimes influenced by Fundamentals. Then I have to come to my senses.

 

good bail. 47 cent crude stop is putting a huge amount of faith in your skill to nail the exact reversal point but if it works for you it works.

 

LMAO so true.

 

Granted $1.00 in crude is just *noise* these days, but a fitty cent stop is not unreasonable if you just treat it as a numbers game, crude is one of those contracts that will offer many opportunities well in excess of 3:1 with that kind of stop

Nice disciplined bailout by the way, plenty did not and will puke under $110 where you should be buying.