Crude Oil: I Am Bearish

2022年6月25日

Comments on the chart.
I will reconsider if 115 is taken out in an impulsive fashion

2022年6月29日

註釋

Price turned lower from 114. Actively looking to short.

2022年6月30日

註釋

Price is really travelling downwards now. Idea is now in play big time. Stay nimble. Once the lower trend line is taken out there will be more short interest. By that we would be looking for TP1

2022年7月5日

註釋

Crude oil has shown its hand and it is a bearish one. The support trendline has gone

2022年7月6日

註釋

more bearishness seen today. Being nimble is the name of the game. Protect profits and yet all for more downside

2022年7月7日

註釋

The price moves in this commodity are treacherous and only the nimble (and lucky) can make substantial profits. I am still bearish, thinking we will not see 125 again. Now that is a very broad statement. What is a trader to do? Stay nimple. I believe that, while under 125, there will be tradable moves up and down. Any move above 125 in the next few weeks will totally invalidate this idea

2022年7月12日

註釋

Crude oil price practically died. Price broke the support on the chart, went down, rose to retest the underside of the support and then continued downwards. Longer term I am bearish till 80 area. This is the last update to this idea. Hope you guys made some money from the idea