NYMEX:CL1!   Light Crude Oil Futures
There´s a possibility of a correction in the Crude Oil             with a potential target of 55 area, which coincides with 38.2 Fib retracement from last bullish impulse. Above 59 on a daily close scenario would be invalidated

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
http://www.realisto.net
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UPDATE : Scenario is invalidated , I favour additional period of consolidation
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Nice rules. What is the meaning of the sixth rule?
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Realisto_FX zhipengcfel
To have a contrarian view. There´s no easy trade. Don´t trust the obvious patterns where everyone sees the same. I hope it helps !
+1 Reply
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