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Summerset
Jun 5, 2020 9:53 AM

Small Correction + continuation in 3v Long

WTI CRUDE OILTVC

Description

The triangular correction has shifted to that shown on chart
Close all pending longs at market for profit
Compile another long position (1/2 contract through limit orders @
Buy 10k @ $37.90
Buy 10k @ $37.8
Buy 10k @ $37.7
Buy 20k @ $37.6
Buy 10k @ $37.5

TP for all @ $ 39

Take Care & Stay safe

Comment

amend limit buy orders
Buy 20k @ $38.15
Buy 20k @38.05
Buy 10k @ 37.95
Buy 10k @ 37.85

TP for all @ $39 Sl/Hedge $36.5 - The risk is greater than the reward for this trade. It is possible that the target could see $ 40. However, If you have No appetite for risk especially across the coming week end. Don't take the trade.

Take care & Stay safe

Comment

Amend again.
Buy 1 standard contract accumulated as follows
10k 38.60
10k 38.50
10k 38.40
10k 38.30
10k 38.20
10k 38.10
10k 38
10k 37.9
10k 37.8
10k 37.7
TP @ $40. SL/Hedge 36.80

Take Care & Stay Safe

Comment

The above compilation would have been valid to take the bull move early morning in Asia --> 40.80. Now that we've missed it -Remove all Orders.

They are No longer valid as the coming correction will be deeper --> possibly to $36
If $38.70 shorts had filled - No problem - Go out at $ 90

Comment

If $38.70 had filled - No problem - Go out at $ 39.00 (the above was a typo mistake) Sorry !

Take care & Stay Safe
Comments
pravinpalanpur
i think it may comes upto 35.90
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