CL1! - Trading Levels for 18th Oct 2016.
The "exhaustion" levels given are for the November futures contract which is what CL1! is currently based on. However, CLZ2016 is trading at much higher volume, so please adjust your levels accordingly if you choose to trade the December contract.
Short @ 51.15 (Nov'16); Stop: 20 ticks. Target: 60 ticks.
Long @ 49.50 (Nov'16); Stop: 20 ticks. Target: 60 ticks.
Utilise your own entry strategy with these levels as exhaustion points for profit targets OR just place limit orders at these levels, with stops and targets in place, and walk away! Trading will be stress-free when you have a decent sized account and when you've learnt to walk away from a trade.
Good luck!
Short @ 51.15 (Nov'16); Stop: 20 ticks. Target: 60 ticks.
Long @ 49.50 (Nov'16); Stop: 20 ticks. Target: 60 ticks.
Utilise your own entry strategy with these levels as exhaustion points for profit targets OR just place limit orders at these levels, with stops and targets in place, and walk away! Trading will be stress-free when you have a decent sized account and when you've learnt to walk away from a trade.
Good luck!
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