#CL1!-Crude- Moving Into The Lows- Target To Be Seen - #Oil

NYMEX:CL1!   Light Crude Oil Futures
724 4 11

UPDATE: We have made lots of money on this trade so far, well done to my signals group, and well done to anyone here who caught the idea too, we are well in the money now. So that's great for us all.

When trading this it is worth watching USDCAD             with this trade, as it will inevitably move hard when Oil             breaks the 2009 lows (I suspect Oil             will grab a lot of momentum when it breaks the 2009 lows because it will provide a rare technical opportunity to short Oil             off of high probability momentum.

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Thank you.

Best of luck
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You've been spot on with your recent oil shorts. Good work! I agree with the setup, but I'm watching 31.11 for immediate term support, and an ensuing bounce. Still very bearish on oil, but cautious on a bounce here.
+1 Reply
TomProTrader simonsays452
Indeed. My back still hurts from hauling all these bags of cash into my main room.

Yeah, a bounce is possible there.
+1 Reply
Awelord TomProTrader
That was awesome Tom i made lots of money. Please continue to this excellent setups.
nice one.
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