Short Oil after its upward retracement

Jan 24, 2016

Short Oil upon upward retracement

Jan 26, 2016

Note

Downtrend trendline (dotted blue line) seems to hold. If it won't fully retrace up around 36.26, then THERE WILL BE NO TRADE. No need to force ourselves to participate in the Oil crash in the meantime.

Jan 31, 2016

Note

Nearing our projected retracement levels, once it breaches above 35.00 level, watch for bearish candles and we will short.

Mar 2, 2016

Note

Nearing our target to enter short

Mar 10, 2016

Note

Prices have overshoot from our target entry. There has been no trade on this play and we create another strategy for this.