ales.japelj

CL higher S probability

NYMEX:CL1!   Light Crude Oil Futures
We are between supp and resistance in upper quadrant. making LLs and LHs. Good place to Short it for today...SL migh be a bit huge for someone but place is very good to Short it.Im risking 40t this time.
Comment:
price stil hoverin around 55,5. entry is 55,53 and SL 55,93
Comment:
its 20+t in profit--> moving SL to BE+1
Comment:
seeing all the wicks we are getting im moving BE+5. at least i have to be paid for a good try :)
Comment:
leaving open for a target of 53,81
Comment:
moving to BE +20t at 55,33 as i want to see some inertia. i think 60% of the move is apropiate breathing space.
Comment:
moving SL to BE+30 at 55,23. lets trail it
Comment:
i can see a bit more momentum to the upside. might take me out soon
Trade closed manually:
closed for +40. thats it for now.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.