WTI USOIL :: looking bearish to me

Apr 24, 2021

Current technicals and fundamentals are looking bearish to me. I'm only opening positions above 66 (short) or below 54 (long). In noman's land I'm just holding my positions till the next swing area.

Apr 27, 2021

Trade active

NOTE: OPEC+ meeting coming soon and that will move oil price for sure. If they keep adding barrels slowly to the market (removing production cuts) it may send prices lower amidst India new lockdown.

Apr 29, 2021

Order cancelled

Idea has failed due to some OPEC+ jawboning in regards of output cuts and so on. Still think 66 is a short call and below 54 is a long call.