travelerjm

travelerjm Updated 

Entry: 41.18 S/L: 42.15 A short position revisits as upward pressure seems limited so far. My previous short-position stopped out; v-shaped rebound hunted my stop-loss trigger but it looks the price still on a downtrend thus I try going short again w/ similar target and SL

travelerjm Updated 

Well, you know there's a significant trendline starting from 28th May ... I believe it should go down to low-30ish within 3 weeks (till mid Aug) So my trading setup is as follows... Assume the lower trendline breaks on Monday...(7/27) Entry: 40.77 / Quantity : 2 contracts S/L: 41.64 Target: (1) 40.02 / (2) 31.17 P/L ratio: 11 - Entry, S/L can vary...

travelerjm

WTI crude oil futures which shockingly touched below-zero level is around @ $40. It's been hovering since mid-June, creating a famous triangular consolidation pattern. Either way it can go I believe WTI is more likely to see downside pressure at least before the end of July (maybe before the end of this week - July 24). Entry: Market price (I would prefer $41...