USOIL Where will price go? MOMO says NONO

Let us see.. It can still go higher but momo seems to be with us. This can help the market come down a bit.

Handel aktiv:

at F looking for price rejection here!

Kommentera:

heading to D

Trade stängt manuellt:

took a small loss on some oil rig plays i have tight sl for

Kommentera:

A rejection here at D-1 could be nasty ... I really thought oil would be heading at least towards d3 near 49ish

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I went long in XLE after F broke.

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VLO 04/29/2016 60.00 P
PUT VALERO ENERGY CORP $60 EXP 04/29/16 235 down 60% in this play. about 4k i gambled... I did not take profit on the dip stupidly.. i will take a loss....

Handel aktiv:

reversal zone 1 reached! looking for reversal

Handel aktiv:

I am long from D

Kommentera:

we win!

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I watch price obey and am still amazed by how price listens :-)