Long

Trade Idea #49 - $Cl1! - Oil out of Muddy waters

Updated

Two great-setups for the dead cat bounce and for longer term (Maybe 3 year contracts?)

Fundamentally I am looking for some anti-fraking news to be coming out within the year, thus reducing supply.

Reasons

Heavily Oversold
Great Risk/Reward
Recovering from 5' Wolfe Wave Technical

Correct Position Size is crucial for large % swings.
Good Luck.

Trade closed: target reached

WOW. Now that's a big winner. Great trade. Exiting the shorter term set-up for a whooping 40% on capital.

Note

Surgical Execution.

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Longer term trade working out well with the break above $42 resistance. $50 Oil should be soon and the $80 target still intact.

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See latest comment.

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See latest chart

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A trade like this is all you really need ! Keep it simple.

Alekznder

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