214 - Results for Nov 6, 2017 - 2 More Shorts as Bulls Make New-er Highs. I'm Done Shorting, for now
Channel: Crude Oil Trading Journal
Date: 2017-11-06

* As planned, I bought at $56.12
    * I was relatively patient and waited until we settled above $56
    * We retested the highs of $56.24 immediately following, but the number made sense for my long-term plan/play
* …and then we spiked to $56.91 leading up to Europe’s trading floor close
    * I bought again at $56.84… geez, this is brutal.
* I’ve reached my shorting “limit” for the time being and I’m going to wait for a sizeable pull-back from wherever the top eventually comes
* The tussle in Saudi Arabia is giving a push to bulls and they may not be done climbing higher, but I’m done shorting
    * …for now

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