Newbie Trying to Buy Some Shorts for Crude Oil

Discussion in 'Options' started by cashclay, Jan 8, 2016.

  1. Cswim63

    Cswim63

    OK what does the chart say after that?
     
    #21     Jan 8, 2016
  2. Trader22

    Trader22

    im not a wizard. i play whats in front of me. Just take it level by level until downward momentum slows at a major level. Could go to 4$ for all i care. trade what's in front of you
     
    #22     Jan 8, 2016
    Cswim63 likes this.
  3. Trader22

    Trader22

    FYI monthly or weekly close under 33.2 is super bearish
     
    #23     Jan 8, 2016
  4. Cswim63

    Cswim63

    OK I'll buy that. I mean I think your chart could be right. It's interesting that we don't have any politicians claiming responsibility for this wonderful fall in oil.
     
    #24     Jan 8, 2016
    BobJax likes this.
  5. Trader22

    Trader22

    Media can blame whatever they want for market movement. What it comes down to is supply and demand
     
    #25     Jan 8, 2016
  6. Cswim63

    Cswim63

    I'm not disagreeing. The needle on my BS meter moved a little, that's all. I think you might be ok, though.
     
    #26     Jan 8, 2016
  7. The symbol is DWTI
     
    #27     Jan 11, 2016