Posts Tagged trading wti

Crude Oil could break support and fall hard!

Crude Oil could break support and fall hard!

I was long Crude Oil earlier this week after it had formed a pinbar on a support line as you can see in the above chart. The price action unfortunately has not managed a sustain move upwards. In fact, everytime it has, it has been pushed down. On Friday, the price made another go at heading north but again, got pushed down. I'm still in my trade and anything could still happen but I'm starting to feel that it's more bearish than bullish particularly after a strong push down when the marke

September 28, 2013 1 Comment Full Story

The whirlwind of emotions of holding the Crude Oil Long entry

The whirlwind of emotions of holding the Crude Oil Long entry

I finally closed my Crude Oil long today and made a nice 120+ points.... a good trade but it was also a fascinating experience for me with regards to my trading emotions. I mentioned that it was a premature entry which I had made on the 25th October - exactly a week ago. I was overconfident due to a pretty good week trading and put on my crude oil long at 8600. I hadn't waited for a confirmation for my entry so psychologically wise, I wasn't best pleased with myself. However, I had committed

November 1, 2012 2 Comments Full Story