cannot understand why history ahs not been updated.Iam at 16% nowback to previous high.I need to admit what a sucker I am.closed at 107.42 and it is now at 105.10.i originally set take profit at 106.50.damn,never knows where this thing willrun but it looks like leaving no take profit forpartofposition is good idea
I am itching to buy oil now, but feel weary as this huge daily candle carries a lot of momentum. I want to be sure that momentum turns before going long somewhere. still looks like a great opportunity.
It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation. In the long term I still believe oil will get much higher but I always go with a market and for now I see momentum has not shifted to long side. 100.00 did not hold as support and price just tested 99.00 although has not reached previous low for now.
Chikot posted: It looks like those unemployment data had important impact upon oil as investors realized what kind of recovery it is if it is going on hot air and not supported by real job creation.
I think the only thing investors-speculants realized was profits :D and some latecomers even losses. all that campaign.. buy commodities, buy silver,gold now when its still cheap... all they needed was some sheep to buy it from them at the top
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