You want to be in oil when the imbalance has clear signs of
improving - the OPEC cuts last week did little to change that
dynamic short term. Respect charts and be on the lookout for
news that would impact.
" ... when the imbalance has clear signs of improving." there is
no certainty in early triggers - an extremely valuable and
important comment to make about oil and trading commodities in
general. Thanks Steve.
One doesn't need to pick the exact bottom - those who have tried
end up with stinky fingers. On the other hand if you have a
support level and wish to take a shot go for it with a tight stop
if that's your style
You want to be in
Any suggestions to go long on an oil index fund ...
Posted by steve on 20th of Apr 2020 at 01:38 pm
You want to be in oil when the imbalance has clear signs of improving - the OPEC cuts last week did little to change that dynamic short term. Respect charts and be on the lookout for news that would impact.
" ... when the imbalance
Posted by tahoe on 20th of Apr 2020 at 02:56 pm
" ... when the imbalance has clear signs of improving." there is no certainty in early triggers - an extremely valuable and important comment to make about oil and trading commodities in general. Thanks Steve.
One doesn't need to pick
Posted by steve on 20th of Apr 2020 at 03:00 pm
One doesn't need to pick the exact bottom - those who have tried end up with stinky fingers. On the other hand if you have a support level and wish to take a shot go for it with a tight stop if that's your style
I've been happy short oil
Posted by elementsix on 20th of Apr 2020 at 01:39 pm
I've been happy short oil for the past 2 wks via SCO