Saturday, 19 March 2016

US OIL : My shorting ideas: I didnt buy Oil having a bearish view,with my sell stoploss triggered. still I hold that. Next trading day I am going short on Oil

Logic behind my idea is :
Rally from 26 to 41 , almost  60%.
US Rig counts will increase trying to catch the extra revenues and will add to the inventory.
My technicals show that it will struggle /fail to breach (3.119) - 40.72 - 42.23.


3.262 8.881 12.1 147.45
3.262 8.119 11.4 129.52
3.262 8 11.3 126.83
3.262 7.881 11.1 124.16
3.262 7.119 10.4 107.76
3.262 7 10.3 105.31
3.262 6.881 10.1 102.88
3.262 6.119 9.38 88.001
3.262 6 9.26 85.783
3.262 5.881 9.14 83.593
3.262 5.119 8.38 70.24
3.262 5 8.26 68.259
3.262 4.881 8.14 66.307
3.262 4.119 7.38 54.478
3.262 4 7.26 52.735
3.262 3.881 7.14 51.021
3.262 3.119 6.38 40.716
3.262 3 6.26 39.211
3.262 2.881 6.14 37.735
3.262 2.119 5.38 28.954
3.262 2 5.26 27.688
3.262 1.881 5.14 26.449
3.262 1.119 4.38 19.192

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