Alekznder
Long

Trade Idea #49 - $Cl1! - Oil out of Muddy waters

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
a year ago
Two great-setups for the dead cat bounce and for longer term (Maybe 3 year contracts?)

Fundamentally I am looking for some anti-fraking news to be coming out within the year, thus reducing supply.

Reasons

  • Heavily Oversold
  • Great Risk/Reward
  • Recovering from 5' Wolfe Wave Technical

Correct Position Size is crucial for large % swings.
Good Luck.
a year ago
Trade closed: target reached: WOW. Now that's a big winner. Great trade. Exiting the shorter term set-up for a whooping 40% on capital.
a year ago
Comment: Surgical Execution.
11 months ago
Comment: Longer term trade working out well with the break above $42 resistance. $50 Oil should be soon and the $80 target still intact.
10 months ago
Comment: See latest comment.
5 months ago
Comment: See latest chart
Alekznder
a year ago
snapshot


Great trade so far. Evaluate strength on any continued uptrend or lack thereof.
Reply
Alekznder
10 months ago
snapshot


For the longer term set-up: Price action suggesting a consolidation in this range. A strong break of 47$ would be nice and a stop should be placed near $35.

Leveraged positions for the shorter term where reached within first month.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out