I had 4 short QM contracts out at b/e @ 93.50 and I have a new Short entry at 94.20 with 4 contracts..stop at $95.10 and first target at 93.20..
Oil is the new internet hype. It goes up on speculation, and just go and go and go. Inventories arent that bad. Is like an analyst said. Oil goes up because it can. A lot of alternative energy is already coming in. New and large oil fields are getting worked on. There is enough supply. Its investment capital taking oil up. Nothing else. When oil price go up 5 dollar on a day when there was really a "non event" about a bit falling inventories... Well for a few years back this had very little effect on the market. Then you understand this is going to hit very hard in the end. Oil is going to go through the roof now. Maybe 110-120 before new years. Everyone can see it. Someone want to make $$$$ on it, and so they make it so they do. Its we, the consumers, who must pay for it. Note.. I do not trade oil. Just follow the oil markets. ORM
I have a sell signal on my higher time frame chart above the 15 minute..I am showing a sell on the 30 minute and have removed my stop from 15 minute chart entry and entered 2 QM short at 95.20 with a target for the 2 contracts at 94.20 . I have my stop at 96.20 for the 6 positions..
why does there have to be a top in oil.... nasdaq and the dow havent found a top so why oil......if the dow can go to 14k why cant oil go to 100. Oil to 100
My 90 min demark just gave me a sell @95.15 confirming the 60 min. I sold small CL@ 95.50, target $90.50..... STOP $99.99! good trading, el surdo