Our analysis of all reliable projections of supply and demand that we can find has not supported crude oil prices of over $70.00 per barrel. However, we refrained from giving a short sell signal due to strong technicals.
Yesterday, there was a vicious reversal from highs of the day. Same pattern repeated today. It appears that technicals are finally deteriorating. Earlier today we gave a short sell signal to scale in at $71.70 via twitter. We will tighten the stop on half the position and maintain the rest with a wide stop.
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THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .
THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .