Shorted Crude Oil for a 94 pip Gain

Last night I shorted oil at $97.35.  I just closed my position at 96.36 for a 94 pip gain. 

This was a trade I took as a result of my own analysis (week 2 or 3 of a 3 to 4 week continuation of down trend, and the Oil Forecast, as well as current price).



Cheers.



Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Long Oil Position Opened and Closed

I opened a long position in oil earlier Monday morning at a price of $92.20.  I sold it yesterday at $93.90, a 170 pip gain. 


Disclaimer: 
Information posted on this site (BDI: Forex Insider) should not be considered investment advice. This is an informational website only.  The owner of this website is not a registered investment advisor. Under no circumstances should any content from this website or it's affiliates (including articles, videos, or seminars), be used or interpreted as a recommendation to buy or sell any type of security or commodity contract. This material is not a solicitation for a trading approach to financial markets. Any investment decisions must, in all cases, be made by the reader or by his or her registered investment advisor. This material is for record keeping purposes only, and is intended for my own personal use.

Update: Exiting Oil Position

I just exited my short oil position for a nominal 10 pip profit on oil.  The trade was a risky but valid one, but I have no interest in holding over the weekend.  I will reassess if there is a valid trade on oil next week. 

The S&P Short position I will hold onto.  This one will take longer to play out.

Cheers.