selfrighteousgambler
Short

CRUDE WEST TEXAS SHORT @ 63.00

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
The trend is up. Crude is rising. Possibly to the heights of $75/$80 per barrel.

However, the Day supply zone allows a counter-trend position from ~$63 with a risk of 100 points. The reward on this, to the opposing Week demand zone is 700 points (7:1). This will possibly be where a reversal to the upside begins.

EP: ~63.30
SL: ~64.30
TP: ~56.30
R/R: 7:1
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