RE:RE:Oil just doesnt fkin make sense...its ridiculous.PROtrading wrote: It makes PERFECT SENSE!
Goldman Sacks and I have been telling you!
1. Technical trading. Pros are selling oil commodity because there's better sectors. I said the charts are ominous. I'm hoping I'm wrong because a lot of investors are going to be selling at the perfectly wrong time if my prediction that an upcoming massive slide is coming.
I can tell you, this is even hard to navigate at the protrading level. I have a lot of experience as a past investor and now, as a trader with a sharp sword.
Fortunately I'm on a small high powered ZODIAC wave jumping but the big whale traders don't have the luxury to turn on a dime. When the big whales moves, we'll feel it and it won't be with this type of trading!
2. What caused the technicals to turn so bearish? World Hedge Funds (UK, US etc) going sidelines or short on this commodity. If you trade commodities, that's to be expected. Seems some big Canadian money is coming in to BTE but those guys are small potatoes. All the big money is fed up with the mix message and they lost confidence in OPEC/NOPECs ability to move the markets... for now... LOL
Your TA is good and you should have sold at $4.73 when I was asking you why you weren't. Don't fight the markets or TA man, you'll always lose. Always learn and adapt.
You must follow prolapse's advice you will be wealthy beyond all your wildest dreams. Don't forget he and Goldman Sach's are on the same wavelength. Apparently he is their TA guy . His TA said bte would be $12.00 in 2016, can't argue with that can you !