jerryas
Long

LONG CRUDE OIL

NYMEX:CL1!   Light Crude Oil Futures
Expecting bounce from extremely oversold weekly and daily levels. Seasonality also in favour of a rally. If stop breached, be prepared to catch new daily reversal on lower levels with tight stop.
Comment: Moved my stops to breakeven.
Trade closed: target reached: Closed trade with 3 to 1 reward to risk.

Comments

Great call. To add to that we believe that we are at the start of a new mega bull cycle:

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jerryas InvestingScope
@InvestingScope, interesting view. This is completely possible because we need inflation in order to inflate government debt.
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