Breaker Long Entry On Crude, Plus Double Top On Russell Futures

Crude Oil Futures:

We are long from 80.55 on crude oil using a breaker long entry on the 13-range. We’ve already taken our first 2 of 3 profit targets, and we are holding to 81.50, which is our final target using the AB=CD pattern.

Crude Futures Up-Date:

1050am EST

Looking short below 81.18, and looking for profit targets at 81.05 (1/2), 80.75 (1/4), and then final all the way back down to 80.05 (1/4) where this party got started.

We see a nice reversal trade setting up, which is a nice compliment to our long winning trade we took to get up to these new highs.

Russell Futures:

Watching our 21-range chart, we see that we have a double-top forming at the high of the trading range from last week.

Im looking for the short entry below 54.8, which is below the swing low and below the High of Day from last Friday to ensure this entry will be a good one.

Take profit targets at 50.0 (1/2) which is the OPEN from today, and then final targets at 46.5 (1/4), and then all the way down to the bottom of the trading range os 38.5 (1/4)

Russell Futures Up-Date:

I like to get a higher entry fill on a short trade anytime the market gives me that opportunity.

Entry short below 58.7 and then take profit at 56.5 (1/2), 50.5 (1/4), and then finally all the way down to 38.5 (1/4)