Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Crude Oil WTI Futures - Jun 24 (CLM4)

Real-time capital.com
Currency in USD
Disclaimer
83.91
+0.34(+0.41%)
Real-time Data

Crude Oil WTI Futures Discussions

This is cutting across a trendline. Time to short is now. With a thin stop loss. Risk to Reward is 1:6/7.
Usually not a good idea to short on break above a very short, downward trend that really doesn’t have much overhead supply to keep things in check. Good that you defined the risk/reward, but bears were likely using the trend as their assessment of risk prior to the break. That’s what trends and technical analysis is all about. Risk to trend, or risk to a level.
what is his risk reward based on? I would say that the market is so volatile that it could go either way with a 5% strandard deviation. What if the fed is dovish? Oil didn't go up from last year's high despite 7% inflation in the US so it could go straight to 100.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.