US Oil Short

2018年2月8日

Riding the recent bearish trend in Oil because despite OPEC's supply cut, countries like US continue to produce more and it's supported by Trump's effort to expand drilling further. Setting up sell stop order a few pips below 60 with TP 55 and SL near 63.

cnbc.com/2018/02/08/us-crude-heading-back-to-the-mid-50s-says-energy-hedge-fund-founder.html

reuters.com/article/us-usa-drilling-offshore/california-says-it-will-ban-crude-from-trump-offshore-drilling-plan-idUSKBN1FR2UY


Daily:


Weekly:



Confidence: C (depends on whether USD will continue to rebound and if no "outages" happen similar to the incident in Venezuela, and if Venezuela itself recovers soon from its crisis)

2018年2月9日

交易手动结束

Manually closed to lock in some gains for the week. Will most likely resume bearish position next week.