Anticipating The Next Oil Market Moves

Hey guys,

Lets look at US OIL.

Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering.

We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx.

Now, the story is different and people are not rushing to buy oil on the black market or making contingency plans.

Lets go over it and discuss how we can trade it.

Watch for more.

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Looking for 66/67 for longs 81/84 for shorts front runner first.

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Scalp shorts can be taken now but MUST be very light.

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Looking for pushes up next week circa 81 for light shorts.

Risk averse shorts come further at 84

Likely if long side bias sentiment continues.

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SZ1 hit. Very light entries

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Exit for gains

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Completely out of shorts. Any RE push to 81 constitutes very light entries, mid level entries come 84. Early Exits on both.

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Out for gains.

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May see a tiny bounce mid market..

However Market remains weak no real upside impetus.

Look for 67

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^ Make sure if you are Day Trading you are Out early on any upmoves.

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you can lightly long at this current pa level. Must be very light Or hold off until risk averse 67$

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boom exit for gains.

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Very, Very light longs if you take them EARLY exits.

67 for longs

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OIL getting stung. Let it drip..

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Remember this is an enormous lesson in Trading oil.

The constant poor price movement tells you there are not many oil buyers.

That is why we wait for levels where we know there is likely to be buyers (good PA).

See aformentioned for this.

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Scale in long.

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exit longs out for gains.

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RE light long circa 66-67$ P Barrel

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Exit any longs

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Too early for shorts; larger rise needed,

Looking long under last low.

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RE long at current PA zones.

Use Indicator REF.

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Exit for gains.

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Exit all longs look short 72

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Be wary of pops on news.

Light front runner OK at this point remainder at 72.00

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Start scaling in short

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Out for gains again.

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Oil weak longside hold off longs until RE attack further PA levels 62/63.

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Alike many other markets sentiment limited.

Light shorts just over 72 and longs preferrred 62-63 area (risk Averse)

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Light shorts in now.

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Looking for earlier exits circa 71

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Still short at current PA

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Exit Shorts

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Only VERY light shorts early exit.

More risk averse or safe traders can hold off until 80.2 Area. 63 for longs preferred.

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Exit shorts taken @ 80.2. Looking for slight higher to 82 RE entry.

TAKE NOTE of recent OPEC news for sentiment with updates to come.

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Double note if you are a longer term trader/risk averse trader then 82 is not for you. Updates will come on higher Entries.

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looking 94/95 for Front runner Entries.

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Looking for longs circa 74.5

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Still awaiting 73.5-74.5 Area for longs

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Price Still teetering in sideways channels. shorts and longs light and in line with natural price movement and structure.

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Brace and Place Orders PRE news.

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Expecting fall under PREV lows. TGT for longs still much lower.