i took profit on oil at 38.82 now..almost 3$ gain. in few hours, hard to believe, it starting to get heavily oversold , the euro refuses to move lower, and causing a bit of worries.. at this stage.. also this is a market you can easily have a sharp profit, but ultimately left with nothing the next day.
even is oil headed to 30.0, it should never move in one line.. oil is volatile like crazy.. it went up to a whopping.. 41.80.. now your looking at 38.70 oil , come give me a break, how volatile you want to be.. its an early signal there are indeed bulls luring for the oil, but they just lose it against shorts, the market always fall quiker than it rises. thats why i like shorts more, also it more easier to maintain shorts, if they become a winner. you just have more control.
the lord was wellwilling to me, to gift me an almost at the top short of oil
yeah i closed, i dont like it.. but wont take the risk.. even a move to 40 would cause some disappointment and eat up important part of gain. i will just side line now, the euro looks like it doesn't want to fall hard today, but ultimately it have to if dow wants 7400
yeah the market is weird.. we could also be in an ugly sideways triangel for stocks.
market is not easy at the moment,difficult to read
god bless