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RISKY LONG IDEA ON OIL at your own risk

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Hi Folks:

Time for a pause. Going long with a small position for fun after having locked in nice profits. Never is a good a idea to try to catch a falling knife but at this level it is worth to give it a try.

We are approaching areas of important support but fundamentals crashed today and two days ago with SPR release.

Next week OPEC+ meeting will send prices higher with further cuts....

Cheers

AT YOUR OWN RISK

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İşlem kapandı: durdurma seviyesi
Closed the position with a small loss because it was a brutal drop! Overall it was a great day and interesting idea worth to try. It was panic selling but I do not think it should be that heavy. Big fellas locked in profits after a stunning rally below zero :)
Not
That's why using a SL on cyclical instruments is a waste of money. I use instead a hedging because price always comes back and forth and you will have chances to exit any of your stuck positions. This time I used SL so I locked in some losses and price would be now back to profit...

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.