May 14, 2012
- in Uncategorized by schooloftrade
Crude Oil Trading Short; Looking for Profit Targets
Crude Oil trading at the range highs so we SELL the highs and we’re looking for the best place to take our final profit target. We can see three distinct clues to take profit. First, we have the trigger zone which is the easiest of all the targets. Second, we have the short term (narrower) range lows. Third, we have the wider trading range lows. Easy targets will be recommend for someone who has no taken many trades today, and if you have some cash in the PNL today try and hold all the way to the lows of the range around 93.70 by placing your stop loss at the point of entry and letting it run.