Crude Oil Trade

By ryan-snk
Updated
Buy and Sell points for short term pops and dips.

50 and 200 EMA as guide.
Comment
Looks like that trend line became resistance quick!

I'm staying on sidelines until a break above it.
Trade active
Looks like prices bounced off this trend line as expected however, I decided to wait and then short as I believe prices will tag $35.50 before getting back up in the 40s.

-1 @ $38.75
Trade closed: stop reached
Got blown out :(
+1 @ $39.45

Loss: -$350
Trade active
Trying again.

-1 @ $40
Trade closed: stop reached
Need to be more patient

+1 @ $40.35
Loss: -$175
Chart PatternsCrude Oil Futures WTI (CL1!)Technical IndicatorsOilTrend AnalysisUCOUSOCrude Oil WTIXOMXOP

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