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alleytrader
Jun 3, 2019 12:57 PM

OIL day trades June 3rd 

Crude Oil (WTI)FXCM

Description

Today looks like a 54 to 56 trading range could be the play so will look to trade back and forth if we remain in this consolidation. A break below will have me hold shorts from above if the signals are bearish, and a break above 56 I will hold the long from below if the signals are bullish. So summary is 54 to 56 I will short the top of this range and long the bottom but as the trade moves towards the opposite range boundary will see if I see enough strength to carry me past this range and if not will take off the profit. alternatively if trading more than 1 lots will reduce size and boundaries and hold a single runner for possible break out
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