copydrbij

looking for possible long here

copydrbij Updated   
NYMEX:CLQ2016   Crude Oil Futures (Aug 2016)
We are still following the downsloper but coming up on three major supports: the uptrendline from the rally going back to january, the lower TL of the big falling wedge and the horizontal support off the 45.80 area). Also price action is becoming wedge-like and squishy. If we bounce back and retest i might become a buyer here. Prerequisite would be a zoom and succesfull retest of the (small) falling wedge upper TL.
Comment:
broke wedge now waiting for rejection by median line to buy around 46.10
Trade active:
order filled 46.05 , sl 47.75, shooting for 49
Trade active:
almost vertical move up seems unsustainable to me move stops to 46.65 (was 45.75 not 47.75 #typo)
Trade active:
move profit stop to 47.33
Trade active:
not liking the action, move profit stop to 47.55
Trade closed manually:
lower high and iffy API data so i TP here... even looking for possible shorts now :)
Comment:
46.05-47.89 very nice profit hope i can keep this up :)
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