The Light Sweet Crude closed lower after the DOJI. However it is moving on the sideway right now. It will see more movement in the afternoon session.
Browsing Bursa CPO™
Light Sweet Crude Closed lower
Light Sweet Crude - Nice Short Trade entry
This pattern appeared @ 3am this morning. It is a typical upthrust (last bar) and up bars which reducing volume which indicate strong weaknesses in the background. I would short and put my STOP LOSS @ 107.30 level. You would see a few red bars after this (or one or two very small spread, low [...]
Bursa CPO – Exit Short Trade .. DOJI=uncertainties
Exit short trade @ 2285 level after the price hit the support @ the 50MA (white line).The DOJI indicates that the market is uncertain and could swing back anytime.
At the same time frame, a high volume DOJI also appeared in Light Sweet Crude (which influence the trend of Bursa CPO). This is [...]
Bursa CPO – Short Opportunity
Short here and put STOP LOSS @ 2335 level. An inflection point (support) is at 2281 level. Exit if up bar DOJI closing on the high appears (with volume). We’re trading with the trend now.
Light Sweet Crude Spiked!
Overnite, the Light Sweet Crude went up to almost USD130. If you can read chart, you will know this is a very typical up move trap to trap the weak holder into a LONG POSITION. The DOJI Upthrust (last bar) indicates that the up move was manipulated.
The reason of the move as reported by the [...]
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- Bursa CPO - Possible Reflection Point
- Bursa CPO - This is the reflection point
- Bursa CPO - it is just too weak…
- Bursa CPO - lossing strength..
- Bursa KLOFFE - Still looking at short
- Bursa KLOFFE - Down Trend if break 1800
- Will be back…
- Bursa CPO - STOP LOSS still intact..
- Bursa CPO - Trail STOP LOSS to 1837
- bursa CPO - Stopped out! Turn SHORT!
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David Kong