CRUDE OIL__daily:--- ABC & Box Method.

WTI CRUDE OILTVC

Description

⋅ Aug 28, 2017 9:04 AM

46.44 could act as a springboard(DB) for a rally. and once we manage to stay above the CMLH(51.96) = Buy continuation.

And so, you want to patiently wait to see a BO&C < 46.44 on New York closing basis BEFORE you go short.
Earlier in my trading journal(July27), I had called for the turn around @ sweet spot.

This is my plan---
--Shorting the break of 46.29 for 40.50 w/ stop @ 50.63 to be update to 49.20 upon trigger

----moorekapital

Trend Analysis

Comments

Valesco_Trading_Group

⋅ Aug 28, 2017 4:24 PM

We believe crude oil has reversed, see this chart to understand what we are looking at.

NYNick

⋅ Aug 28, 2017 9:23 AM

This is a great plan! staying out till in actually goes down, as right now I see we could get up to 50+ without invalidating the short set up!