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Razi89 replied Jan 9, 2014bro if you did not closed oil yet then dont worry put your stop below today low and wait it might go to 95-96 level. what i am targeting on my long.
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
brother i understand your feelings.but for sake knowledge and better understanding/ coordination i want to know what are positive signals to go long on oil?
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
it touch 92 level.i hope it will hold 91.21 level.revised my sl to 91 for improved RR
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
when price breaks previous low of 91.74 the price action was not looking strong enough.therefore this level should be closely watch.i may hold on.
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
agreed.when you want to pick top or bottom it is always danger because counter trend trade. i am trying to catch oil correction. it would be my third attempt. first was stop out at 94.04 B.E second was stop out at 93.39 which taken at 93.68.
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
my bro, in my opinion this trade was not bad.NGAS is in up trend.but NGAS price action is looking to downward in short term. i think if it takes a bounce to 4.185 to 4.2 we should close it and put sl at 4.090 ( below the low of 6 dec 13)
Oil and Natural Gas
- Razi89 replied Jan 9, 2014
price action suspicious to down side.but whether condition in USA tell different story more demand.fundamental and tech are not aligned therefore i am flat. are long or short ?
Oil and Natural Gas