Posted by frtaylor on 30th of Nov 2011 at 09:18 am
Thanks. It's a swing short, not a big position, I won't
lose much if I close. Maybe look to re-enter later. Or
I could hold out. Europe plunging into recession surely would
not be good for oil prices.
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thoughts on USO /crude appreciated
Posted by frtaylor on 30th of Nov 2011 at 08:45 am
I am still holding a 1/2 position short on USO. It will hit my stop loss unless I change it. Matt, Steve, anyone, thoughts on the USO chart?
I wouldn't be short right now based on this chart. Looks too positive.to me.
Posted by johnc on 30th of Nov 2011 at 09:07 am
You should always specify time frame though.
Thanks. It's a swing short,
Posted by frtaylor on 30th of Nov 2011 at 09:18 am
Thanks. It's a swing short, not a big position, I won't lose much if I close. Maybe look to re-enter later. Or I could hold out. Europe plunging into recession surely would not be good for oil prices.