quin2k

Crude Oil Futures - Trading Levels for 30/9/2016

NYMEX:CL1!   Light Crude Oil Futures
Expecting price to range between 46.70 and 48.05.

Short @ 48.05 with 15 tick Stop & 45 tick target.

Long @ 46.70 with 15 tick Stop & 45 tick target.

Intraday traders could use these levels as profit targets for multiple entries.
Comment: If 48.05 is taken out, 48.43 may provide another level of strong "resistance" for a quick correction of 45-90 ticks.

Determine your "RISK" comfort level, decide which level you wish to trade from and trade accordingly.
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