CL1! - Don't Short it now, Wait for a new breakout... — Light Crude Oil Futures (NYMEX:CL1!) / 2015-07-09 — ucsgears

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Light Crude Oil Futures (NYMEX:CL1!)

NYMEX:CL1! Light Crude Oil Futures

example extreme snapback

Extreme Greenery (High and Mid probability) overlaps.

Related Ideas

Crude defies all logic.

IvanLabrie

Typically after the extreme, the pause happens for 5 candles. Time in for a good credit spread, you will be in green. Typically, I sell the current month options when i pick it from weekly, and daily i dont take any action unless its the High probability setup. There are anomalies, i wouldn't argue, high probability for cashing in comes with higher risk as well.

ucsgears

Indeed. I think it's just how crude works, supply vs energy demand is making setups fail.
Great work on that indicator btw.

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