CLZ2018 just hit the 61.80% retracement point on its recent bull swing and found some support seemingly. Continuation players are taking this opportunity to add on to their long holdings. The Schiff set's Median Line is met here as well. A healthy pullback in a major bull trend that may lead to 127.20% extension. Short risk in oil is the preferred choice as long as the major higher lows and higher highs are intact. Trade with care!
Trade active:
Long 70.90 stop 70.41 $500 risk per contract
Comment:
Partial 1.6R profit +80 ticks
Trade closed: stop reached:
Remaining half of the position closed with -1R, overall balance is 0.6R profit
Comment:
0.3R profit*