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smitheric1970
Oct 19, 2015 8:06 AM
Oil Short - Possible Completion of Distribution Range
Short
NYMEX:CL1!
240
Crude Oil Futures
NYMEX
Description
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Oct 19, 2015 8:06 AM
Prices failed to break in to higher range. If prices can close below 4 hr 200 MA, look for a break down below the past 7 week range.
Entry (December Contract): 47.25-47.97
Stop (December Contrat): 48.00
Short Term Target:40.25
Trade closed: target reached
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Jan 12, 2016 6:14 AM
Oil
short
distribution
Comments
Rookie
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Oct 19, 2015 8:12 AM
A level to watch is the trend line from the previous 240 lows. It was defended once last week.
smitheric1970
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Oct 19, 2015 8:41 AM
Agreed! However, I think we break down below that support within this channel downtrend.
Rookie
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Oct 19, 2015 8:43 AM
Yeah agreed.
Rookie
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Oct 19, 2015 1:15 PM
I must admit I wasn't expecting it to happen so soon. Trend line broken already. Sweet.
moneymaking
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Dec 8, 2015 3:01 PM
Should have looked at this earlier, darn it :(
moneymaking
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Dec 8, 2015 3:00 PM
Whaoo, what an amazing short entry mate. Awesome :)
IvanLabrie
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Dec 8, 2015 1:54 AM
Glad to see the trend goes on. Great job.
smitheric1970
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Dec 8, 2015 2:02 AM
You as well Ivan, your cl chart was golden!
Vit1980
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Oct 22, 2015 9:44 PM
May be like this
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