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ryan-snk
Sep 7, 2020 3:11 AM

Crude Oil Trade 

Crude Oil FuturesNYMEX

Description

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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