CL Breaks $45.32!!
http://tos.mx/0CNKhT
Crude has broken its long, after a ONE-BAR BOUNCE, as shown here in the chart above.
I have been short CL since yesterday, in a swing trade that has netted over 2.5 points....my trade of the year.
I am about to take profits again, if we hold 45.32.
Price as of this moment, 45.40.
ENTRY:
48.24
Measured Move: 49.24 to 47.35, entered below a Century level with 10 contracts, no more risk put on..and this has been a KICKER of a sell-off, ending with a break of a long I have been watching since August of 2016!
DJ
HERE IS THAT LONG:
http://tos.mx/aTFAwk
Note the $50.50 short in play for well nearly 9 months now. That is shown in pink, 74.95 drawn down to 26.05!
That Halfway Back (HWB) is truly a big deal in that it held its range and I think that SOMEONE does not believe the House of Saud, or the Frackers or anyone in the industry for that matter.
Crude has broken its long, after a ONE-BAR BOUNCE, as shown here in the chart above.
I have been short CL since yesterday, in a swing trade that has netted over 2.5 points....my trade of the year.
I am about to take profits again, if we hold 45.32.
Price as of this moment, 45.40.
ENTRY:
48.24
Measured Move: 49.24 to 47.35, entered below a Century level with 10 contracts, no more risk put on..and this has been a KICKER of a sell-off, ending with a break of a long I have been watching since August of 2016!
DJ
HERE IS THAT LONG:
http://tos.mx/aTFAwk
Note the $50.50 short in play for well nearly 9 months now. That is shown in pink, 74.95 drawn down to 26.05!
That Halfway Back (HWB) is truly a big deal in that it held its range and I think that SOMEONE does not believe the House of Saud, or the Frackers or anyone in the industry for that matter.
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