NYMEX:CLX2015   LIGHT CRUDE OIL FUTURES
Crude made a quick move and got new longs stuck which fueled the sell off. We triggered long this morning and got stopped for 50 ticks which is a win in our book. We learned long ago that a stop is the beginning of a story. This story is telling us that there may be more downside. We are technically back in the consolidation area and we are sitting on our hands for now. We want to see closes above or below the red lines to feel bullish or bearish .
AMBRISH
a year ago
THANKS, CRUDE IS BACK IN TO CAGE.
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OffTheFloorTrader AMBRISH
a year ago
Yes it is...we squeezed some money out of her. She will find a direction again and we will be on it. Stay tuned.
Reply
AMBRISH OffTheFloorTrader
a year ago
Thanks, I am tuned with your post.
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