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bas70seven
Jan 5, 2016 1:37 PM

Short option for crude Short

Crude Oil FuturesNYMEX

Description

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

Comments
bas70seven
Currently the price is testing a previous resustance. I stay in the trade i don't see a sell signal
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