bas70seven
Short

Short option for crude

NYMEX:CL1!   Light Crude Oil Futures
80 1 2
Support/Resistance was broken. Price pulled back but wasn't able to break the resistance. Second leg down broke the daily support/resistance of 24/25 8-2015. Again price pulled back.

Second leg is longer than first leg so expect a third leg that tests the previous low of the second leg.

Monitor target for exit signs, else close 50% and let the rest run.
Comment: I entered at 37.83
Trade closed: target reached
Currently the price is testing a previous resustance. I stay in the trade i don't see a sell signal
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