As told before stay on sell side in both commodities....Crude already showing down trend ( Short term)...Now NG also will start dropping....
Crude and NG seems topped out and May drop down......
I had covered all long position as told before and now at selling side in both.......NG if goes more up I will term it as selling opportunity.....
It will be interesting to see if Crude break 3300 level in coming weeks......If it breaks 3300 and can sustin below 3300 then we may see biggg sell off again in crude......Please be carefull with all long positions.....We may see crude going very deep then till 2200-1600 or more......
Crude and NG seems topped out and May drop down......
I had covered all long position as told before and now at selling side in both.......NG if goes more up I will term it as selling opportunity.....
It will be interesting to see if Crude break 3300 level in coming weeks......If it breaks 3300 and can sustin below 3300 then we may see biggg sell off again in crude......Please be carefull with all long positions.....We may see crude going very deep then till 2200-1600 or more......