A Potential Corrective 4This is a try at oil's recovery count. The 4th corrective leg seems likely at this point.
CLM2019
CL Buy @64.84 SL @64.68 TP1@65.00 TP2 @66.00USOIL Future Long
CL Buy @64.84
SL @64.68
TP1@65.00 TP2 @66.00
Once TP1 Reach with 50% position close, the risk is remove.
CLM2019 Going For 50% Discount From Its Top PriceOil has been selling off violently in light of it being a highly politicised commodity. CLM2019 first saw a 1/3 decline from its recent top value, where it found some support and managed to pull back to around 1/4 discount point from its recent top selling price. Currently, it has broken lower than the 1/3 discount price and is seemingly going for the important 1/2 mid point value some 800 ticks below.
