Crude has kept falling and has blinked a sell signal. On this bounce we will look for a sell the area around 100.40 - 101. We will wait for a short time frame trigger for entry. All stops are based off short term triggers. Targets are defined. REMEMBER...the weekly chart is coiling hard so it could get choppy. Be prepared.
Thanks for the comment. We are short from 100.25 after touching the 100.40 area...we were hoping for more penetration into the our zone but we got a small position on. If we bounce we will take pre-defined stops and reassess (stops have been moved since entry...risk is small). Nonetheless, we are seeking our first target at 98.75. As I mentioned we are in the middle of Weekly (Chart) coil so it could get whippy. Trade'm well.