Oil Markets/Price Zones amid Current Market Sentiment/Mood

Jan 29, 2024

Hey Traders,

Oil opened higher as market sentiment feeds in and traders buy on fears of supply problems.

This can cause rapid movements up or down, and it's a good idea to be prepared for them.

Here's my labelled price zones to note.

Jan 30, 2024

Note

Hold any relongs till further TGT.

Jan 30, 2024

Note

Looking to Re long.

Jan 30, 2024

Note

If you exited prev ^

Jan 31, 2024

Note

Eyes on sentiment RE iran.

Jan 31, 2024

Note

Further Re longs light.

Jan 31, 2024

Note

Maintaining on long bias (Prev hit support)

Feb 1, 2024

Note

Holding into today.

Feb 1, 2024

Note

Exit for gains.

Feb 1, 2024

Note

Re long entries appropriate on key techs.

Feb 4, 2024

Note

Still maintaining long bias into mon.

Feb 7, 2024

Note

Still maintaining ^

Feb 8, 2024

Note

Lock in gains. Re shorts higher.

Feb 13, 2024

Note

Much higher^

Feb 14, 2024

Note

Sentiment still support USOIL. Willing to continue to hold off until key long Term PA.

Feb 15, 2024

Note

Very light longs OK.

Feb 16, 2024

Note

Exit light longs, re shorts applicable.

Feb 19, 2024

Note

Maintaining only very light short bias (incase of surge in mkt sentiment upside).

Feb 21, 2024

Note

Exit for gains. Re longs applicable on upside momentum gaining.

Feb 22, 2024

Note

Holding off shorts due to renewed momentum upside.

Feb 23, 2024

Note

Very light re longs further.

Feb 23, 2024

Note

light longs ideal on various tech conf factors.

Feb 26, 2024

Note

Continued bias.

Feb 28, 2024

Note

Exit longs for gains again.

Mar 4, 2024

Note

Shorts entered NO1.

Mar 8, 2024

Note

Out shorts, light longs reasonable here