Tom_Killick
Long

Crude Oil: Longs May Be Ready To Come Into The Market #Oil

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
847 12 7
Friends,

Looks like we've been in the process of accumulation here. I feel as though bullish momentum is building here. There is a potential bat pattern in play, with CD leg completion illustrated on the chart @ 47.10's

Key points:
-Aggressive entries are technically ready today
-Conservative traders will want to wait for clean break above 47.10's

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Best of luck
Tom
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Agreed, big short squeeze rally. I was thinking 52 top, but 60 is in the cards as well.
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Tom_Killick PRO IvanLabrie
a year ago
Probably. Want to see clean break about 47.10's.
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Tom_Killick PRO Tom_Killick
a year ago
Above*
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qnx88 IvanLabrie
a year ago
Crude oil (WTI): Get ready for a meltdown
Reply
qnx88 IvanLabrie
a year ago
strategy
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IvanLabrie TOP qnx88
a year ago
Setups are invalidated often. Right now, we might see that target hit, it's in the cards.
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Tom_Killick PRO qnx88
a year ago
Today could have been the beginnings of change. Weekly showing shorts likely now, depending if it closes above the weekly high range.
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qnx88
a year ago
USOIL: Bullish signals
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IvanLabrie TOP qnx88
a year ago
That wave count got invalidated...what's the point?
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IvanLabrie TOP IvanLabrie
a year ago
Touche:
EURAUD: Go long during wave C

I have more from where I got that one...:D
(Let's not crowd Tom's thread with my ego)
Reply
IvanLabrie TOP IvanLabrie
a year ago
One more thing: Trading isn't forecasting, I did profit from my oil short before it turned up. In fact, I got out at 39 and went long, and closed at 44.
Reply
IvanLabrie TOP IvanLabrie
a year ago
You need to engrain an efficient trading logic, if-then-else and be flexible to make money.
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