Crude Oil Futures - Trading Levels for 3rd Oct 2016

NYMEX:CL1!   Light Crude Oil Futures
Expecting "intraday" range to be held between 47.70 and 49.40. These are NOT predictions of price action but levels from which to anticipate a correction to the prevailing price movement.

Suggest Long @ 47.70; Stop of 15 ticks & Target of 45 ticks.

Suggest Short @ 49.40; Stop of 15 ticks & Target of 45 ticks.

NOTE: This is a "counter-trend" strategy.

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