Summerset

Small Correction + continuation in 3v

Long
Summerset Updated   
TVC:USOIL   CFDs on WTI Crude Oil
The triangular correction has shifted to that shown on chart
Close all pending longs at market for profit
Compile another long position (1/2 contract through limit orders @
Buy 10k @ $37.90
Buy 10k @ $37.8
Buy 10k @ $37.7
Buy 20k @ $37.6
Buy 10k @ $37.5

TP for all @ $ 39

Take Care & Stay safe
Comment:
amend limit buy orders
Buy 20k @ $38.15
Buy 20k @38.05
Buy 10k @ 37.95
Buy 10k @ 37.85

TP for all @ $39 Sl/Hedge $36.5 - The risk is greater than the reward for this trade. It is possible that the target could see $ 40. However, If you have No appetite for risk especially across the coming week end. Don't take the trade.

Take care & Stay safe
Comment:
Amend again.
Buy 1 standard contract accumulated as follows
10k 38.60
10k 38.50
10k 38.40
10k 38.30
10k 38.20
10k 38.10
10k 38
10k 37.9
10k 37.8
10k 37.7
TP @ $40. SL/Hedge 36.80

Take Care & Stay Safe
Comment:
The above compilation would have been valid to take the bull move early morning in Asia --> 40.80. Now that we've missed it -Remove all Orders.

They are No longer valid as the coming correction will be deeper --> possibly to $36
If $38.70 shorts had filled - No problem - Go out at $ 90
Comment:
If $38.70 had filled - No problem - Go out at $ 39.00 (the above was a typo mistake) Sorry !

Take care & Stay Safe
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.