⚡️ Good shorting opportunity in Crude Oil 🛢️

14 августа 2023, 01:23
|
Wilson Trade

Good day traders,on Friday, to my mind, there was a good shorting opportunity in Crude Oil and the price did not go far from the entry point. Next week we can see falling to 81,5 price level and lower. As major stop-losses liquidity is under 78,70$ per barrel.

Hedge funds, according to COT data are very active in accumulating longing positions, and it fixed above the technical horizontal level on the daily chart.

Market makers could absorb that liquidity and unload it lower.

Moreover, the activity in Put options is stronger than in Calls and the minimum payouts level is also much lower. So I am 🐻 bearish in crude oil, if you also think so, put 👍 and have a nice Sunday!

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спецраздел:
опционы

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Нефть

Ключевые слова:
cot,
Put,
Call,
Bear,
cl,
опционы,
нефть

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2 комментария

Any ideas about NG moving this week?

Stanis

14 августа 2023, 08:52
Ответить

Stanis,

if it weren't the support on the daily chart, it would be possible to buy, but there are enough buyers from it, so I assume that it will go down from here first of all and take the liquidity of buyers one more time