ryan-snk

Crude Oil - Black Gold

Long
NYMEX:CL1!   Light Crude Oil Futures
Commodities are rallying today as the Dollar index loses value and right on cue, oil has hit my target at $43 (the 50 week EMA ) and could pullback soon.

I've closed my positions for a $1,237.50 gain (entry/exit linked below) and am looking to buy dips moving forward.

I believe oil is heading higher by the end of the year and the fib extensions should help map out buy/sell points and hint on the strength of the moves. That pink trend line also will likely come into play at some point.

Goodluck.
Trade active: Buying this dip.

+1 @ $42.275
Order cancelled: -1 @ $41.65

Don't like double top on 50 week EMA
Loss: -$300
Trade active: +1 @ $41.975
Trade closed manually: -1 @ $42.175
Profit: $100

(Contract rolling over Monday)
Trade active: Bought the dip on the October(V) contract. More bankruptcies and the DXY is rolling over.

+1 @ $43.325
Trade closed manually: EDIT: +1 @ $42.325 (Not $43.325)
Closed a while ago. AFK.
-1 @ $43.075
Profit: $375
Comment: Buy Limit order set at @ $42.80
Trade active: cancelled that order and bought market on dip
+1 @ $42.675
Trade closed manually: -1 @ $43

Profit: $162.50
Trade active: I like the setup and am betting prices crack above the 50 week EMA this week. $44ish target.

+1 @ $42.85
Trade closed manually: -1 @ 43.10
Profit: $125
Trade active: +1 @ $42.875
Trade closed manually: -1 @ $42.75
Loss: -$62.50
Trade active: +1 @ $42.325
Trade closed manually: -1 @ $42.15
Trade active: Loss: $87.50

+1 @ $42.10
Comment: -1 @ $41.85
loss: $125

Comments

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