natron

Oil at 2011 Highs - What to look for

Short
TVC:USOIL   CFD Petrolio WTI
This isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out.

Below are some bullish and bearish headlines I'll be looking out for.


Bearish Oil Headlines Examples:
Cease Fire in Ukraine
Russians Withdrawal
Iran Nuclear Deal reached
Refusal to sanction Russian Oil
More reserves released




Bullish Oil Headlines Examples:
Military action involving NATO countries
No fly zone implemented over Ukraine
More nuclear weapon rhetoric
Sanctions on Russian oil exports.
NATO countries supplying weapons/equipment to Ukraine.
Iran nuclear deal negotiations fall apart

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