April 18, 2013

Crude Oil Tumbles Lower, Members Earn +100ticks

This morning our technical analysis of Crude Oil Futures called for a SHORT from 88.00 this morning at 8:00am EST down to 87.15 for an easy .75 ticks of profit to kick-start the morning session.  We’re looking looking at a BIG day in the trade room today!
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8:00am EST:
We sold
short at the open from 88.00 down to 87.00, and we hit our profit-target.

9:15am EST:
Price-action
bounces off the 87.00 and rises off the trigger-zone from London’s lows to the
8am highs

9:30am EST:
We are
stalled at the 87.30 level just above the US -100t and the trigger-zone support
area at 87.24.
We are
looking to get long at this time, profit-target at 88.80

    schooloftrade

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