Closed most of shorts and bearish on short term
Hello:
As I mentioned in the last post, I closed most of my longs at 27, and I think that last bounce was wave 5 already. I think oil is going to be bearish in this short term, and engaged a decent amount of shorts to hedge my portfolio(overall its shorting oil at this moment.) I think oil is probably going to dip to 24.2 level, and if you want to play safe(which is what I am doing), I will close most of my shorts at 24.80(50% of my shorts), 24.5(another 30% of my shorts), and close 10% at 24.1.
Good Luck
As I mentioned in the last post, I closed most of my longs at 27, and I think that last bounce was wave 5 already. I think oil is going to be bearish in this short term, and engaged a decent amount of shorts to hedge my portfolio(overall its shorting oil at this moment.) I think oil is probably going to dip to 24.2 level, and if you want to play safe(which is what I am doing), I will close most of my shorts at 24.80(50% of my shorts), 24.5(another 30% of my shorts), and close 10% at 24.1.
Good Luck
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.