Day Trades Setting Up On Crude Oil Right Now
We had our biggest day of 2010 today, earning over 270 ticks of profit!
But wait…we have a grat opportunity setting up on Crude Oil.
We already sold short at 78.00 and made our money on the way down, over $650usd.
Looking to get short below 77.50, taking my first profit taget @ 77.05 above the big round number.
Assumign we can break below 77.00, my next target will be 76.55, which is using the AB=CD Pattern to predict the final target
If we dont get short, look for the break above 77.80 for the continuation of this reversal off the low of day
Entry long above 77.80 and I will look for profit at 77.95 just below the big round number of 78.00, and then if we can make it above 78.00 we should be able to head all the way up to 78.18 (1/4) and 78.60 (1/4) to complete this mission returning all the way back up where Crude Oil began this move down
We’ve made a great profit today, hopefully these will work out as well!
