ryan-snk

Crude Oil Trade

ryan-snk Updated   
NYMEX:CL1!   Light Crude Oil Futures
Buy and Sell points for short term pops and dips.

50 and 200 EMA as guide.
Comment:
Looks like that trend line became resistance quick!

I'm staying on sidelines until a break above it.
Trade active:
Looks like prices bounced off this trend line as expected however, I decided to wait and then short as I believe prices will tag $35.50 before getting back up in the 40s.

-1 @ $38.75
Trade closed: stop reached:
Got blown out :(
+1 @ $39.45

Loss: -$350
Trade active:
Trying again.

-1 @ $40
Trade closed: stop reached:
Need to be more patient

+1 @ $40.35
Loss: -$175

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