Attached to this in the related section is the original analysis and rationale as to why i was anticipating a sell off in oil.
Sure enough it did work out exactly as i did as price is clearly below 49.00 Price target. However, since this is a CFD contract, my position expired last friday and i wasnt able to hold it long enough for it hit 49.00 but rather i got out around 52.00 or so at last Fri close and i didnt reopen another short position.
Should price keep selling off, the CS levels should be there for possible support levels where CS2 coincides with the low made back early this year
Sure enough it did work out exactly as i did as price is clearly below 49.00 Price target. However, since this is a CFD contract, my position expired last friday and i wasnt able to hold it long enough for it hit 49.00 but rather i got out around 52.00 or so at last Fri close and i didnt reopen another short position.
Should price keep selling off, the CS levels should be there for possible support levels where CS2 coincides with the low made back early this year
