Oil looks like a strong short here boys - current price $105.81 I feel like the price is over extended short term, the move was over done on middle east news. Also technicals are showing weakness. Short Short Short! -Action
I honestly feel the days of $100+ oil are going to be over very soon. While the longs are the lambs up for slaughter would be best to ride the short wave down to about low $90s/barrel range scaling out along the way as you do so. -Action
Please post a chart of what you're looking at. In time there is a 99% chance you are correct but 109 -110 is still in play until this trend breaks.
Momentum was pointing to downside short term but today's action changed that. I wouldn't be short anymore, rather wait for more weakness and look for intraday set ups. I see dollar strength and eventually that should put pressure on crude oil but for now middle east fundamentals are making it a tough market to be on the short side. -Action
Oil short right here, right now, September CL. Current price - $108.61/barrel Lots of weekly resistance. Look to make about 100 points profit, risk 20 points. 1:5 risk/reward. -Action
yup yup! This is there area I've been waiting for. Buying some oct puts and going do anything for a week or so.