CRUDE OIL - $CL_F Core Trade for EOY 2018
Based on pure SUPPLY / DEMAND zones , the best R:R is for the upside now IMO , after the BLOODBATH from $76ishhh we got to a MAJOR DEMAND ZONE around $50 ishhhh now .
The focus here is a long play as a core position until the EOY and if things goes our way we keep the LONG position open .
ENTRY LONG :. $50/$52 level
TARGET 1 :. $56
STOP :. CLOSE <$48.50
The focus here is a long play as a core position until the EOY and if things goes our way we keep the LONG position open .
ENTRY LONG :. $50/$52 level
TARGET 1 :. $56
STOP :. CLOSE <$48.50
Comment:
STOP UP TO $49.50
Comment:
STOP UP TO $51.00
Trade active:
STOP UP TO $51.50
Comment:
OIL went down to close the GAP too soon , getting my STOP into a SMALL profits this time .
It is what it is
It is what it is