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I bought on 53.53 4 lots, what I have to do, squareoff or wait till the contract end, if it come little beet near, I will exited, or I do avraging, any suggestions. 

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If it gets anywhere near there again I'd get out. You can wait for US - China news but it probably isn't good.

I'd still be shorting to around 50.1

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U mean u will short it on 50$too? So what you think how much it can be fall? 

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(edited)

No I would short it until 49.5 - 50.1,  then probably get out. 

Edited by DayTrader

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Ok do you think it will give 53 atlist once in this contract

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(edited)

I trade very short term, but if you look at daily chart, oil price and volume has dropped since Sept 15.

May rally slightly over next few days, depends on few pieces of news.

It's only 52.2 now. Wait a while. Just 24 hours ago it was 54.

I'm saying 49 - 50 as it's not oversold yet.

Edited by DayTrader

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@Can   ...1 hour later ... it's 52.4    ;) 

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(edited)

@Can , out yet?  :)  53.7

Edited by DayTrader

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Not yet add some below at morning, tottle avraging in INR 3745, 4lots exit 3 lot at 3800, one holding.

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Now what Im still holding 2 lot at avraging price of 3824, the 4k is on soon

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I wld say oil will most likely go back and test the 57$ mark

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