WTI Oil Full Fundamental And Technical Analysis

Here's another detailed 9 Min runover.

Oil is heavily sentiment effected at the moment and we have seen previously how this can move markets.

It is essential to be trading it in proportion to the new market risk.

Here's how.

Komen:

Minor longs applicable.

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Carrying bias into monday.

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Lock in gains.

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Look for entry conf.

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Lock in gains.

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Holding long gains.

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Exit longs for gains.

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Bouncing off early resistance amid bad sentiment. Re longs far lower, shorts far higher.

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Holding same bias. Movement needed, not expected immediately given current sentiment.

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Longs just over 68$ would not be suprised if we trickle lower.

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Risk averse zones (66$ area)

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RE shorts 80-82$

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Still awaiting higher highs. Light longs applicable.

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Exit longs and look for higher moves to RE short.

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Short bias still exists circa 81$. See new sentiment for longs and be careful on entry (realistic)

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Bias remains in market due to local sentiment. Holding off new shorts until 74.5

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Light shorts.

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exit for gains.

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Investor (major) longs only under prev low (W)