Live Crude Oil Trade Calls

Crude Oil Futures:

1115am est

– We’ve had an incredible day in the room today, everyone making money

– Now we see the crude oil futures are trading at the highs of the day with trend lines overhead making resistance for a possible long trade.

– The long side will be higher risk structurally, but looking at the dollar with the downside potential we need to keep our eyes open for a break of those trend lines and a long entry going with the fundamental move on the dollar.

– Our best option (assuming the dollar doesn’t drop) is to look short to sell the highs

o Sell below 81.65 with profit targets of 50, 35, soft 10, and hard trend line as final target going down

o To buy the breakout we need entry above 82.10, but with the trend line overhead im looking around 82.15 for the entry

§ Profit targets will be 30, 70, and a final hard target at the highs of the channel and the big round number of 83.00



Day Trading Crude Oil Futures