Get started
alleytrader

CL1!, oil, day trade July 5th

CFDs on Crude Oil (WTI) (FX:USOIL)  
alleytrader Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Chart Patterns Beyond Technical Analysis CL Crude Oil Futures WTI (CL1!) Oil Crude Oil
5
2
chartpattern beyondta cl cl1! oil crudeoil
Today will be looking for oils next direction based on the range of 57.22 and 56.23. after these areas are broke we then have to see confirmation of further direction or a impulse going the same way. If not a range trade will be pursued
Comment:
ok, that I call the impulse up was looking for nicely clearing the range so now will look for a retrace to enter
Comment:
I am now long oil with a very small risk factor,
Comment:
Was not happy with the speed in which this trade moved after taking it, did see 8 ticks of profit and almost closed at that point, Still holding but will not give it much more room before taking the loss.
Comment:
no worries, that is trading, winning them all is not possible.
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.