From P&F analysis, short and confirmation of the short will be at 66.16 and stop loss at 66.80
Trade active
⋅
As I traded only during the US market, trade is still active.
Move stop Loss to 65.85.
If stop loss is not reach, position will be kept until tomorrow morning at 9h30.
Trade closed: stop reached
⋅
Trade closed.
Will short at a higher price or at the end of the day, based on analysis at that time
Trade active
⋅
Open short at 66.11 and will keep the position until tomorrow 9h30.
After 9h30, stop loss at 66.88.
Comment
⋅
Trade is still active as I trade only the US market.
The bull is trying to gain control during the last two days but in vain.
Iran sanction is at the door but the inventory is oversupply.
Should be careful after the publication of the Crude inventory data.
If market goes below 65, stop loss will be down grade to 65.
Trade active
⋅
Trade is still active, will keep until tomorrow 9h30. The market is quite bearish and it will still continue to go down until next inventory data on Wednesday.
Trade active
⋅
The U.S. government has agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil aid the upcoming sanctions, Bloomberg reported on Friday, citing a U.S. official.
A list of all countries getting waivers is expected to be released officially on Monday, several briefed industry sources said.
These quotes further contribute to the oversupply of the market.
Stop loss is 63.90
Trade active
⋅
Have moved stop loss down to 63.40
Trade active
⋅
There are still too many bearish news, will keep position until tomorrow morning 9h30. Stop loss move to 62.00