Crude Oil - Black Gold
Commodities are rallying today as the Dollar index loses value and right on cue, oil has hit my target at $43 (the 50 week EMA) and could pullback soon.
I've closed my positions for a $1,237.50 gain (entry/exit linked below) and am looking to buy dips moving forward.
I believe oil is heading higher by the end of the year and the fib extensions should help map out buy/sell points and hint on the strength of the moves. That pink trend line also will likely come into play at some point.
Goodluck.
I've closed my positions for a $1,237.50 gain (entry/exit linked below) and am looking to buy dips moving forward.
I believe oil is heading higher by the end of the year and the fib extensions should help map out buy/sell points and hint on the strength of the moves. That pink trend line also will likely come into play at some point.
Goodluck.
Trade active
Buying this dip. +1 @ $42.275
Order cancelled
-1 @ $41.65Don't like double top on 50 week EMA
Loss: -$300
Trade active
+1 @ $41.975Trade closed manually
-1 @ $42.175Profit: $100
(Contract rolling over Monday)
Trade active
Bought the dip on the October(V) contract. More bankruptcies and the DXY is rolling over.+1 @ $43.325
Trade closed manually
EDIT: +1 @ $42.325 (Not $43.325)Closed a while ago. AFK.
-1 @ $43.075
Profit: $375
Note
Buy Limit order set at @ $42.80Trade active
cancelled that order and bought market on dip+1 @ $42.675
Trade closed manually
-1 @ $43Profit: $162.50
Trade active
I like the setup and am betting prices crack above the 50 week EMA this week. 44ish target.+1 @ $42.85
Trade closed manually
-1 @ 43.10Profit: $125
Trade active
+1 @ $42.875Trade closed manually
-1 @ $42.75Loss: -$62.50
Trade active
+1 @ $42.325Trade closed manually
-1 @ $42.15Trade active
Loss: $87.50+1 @ $42.10
Note
-1 @ $41.85loss: $125
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.