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Crude Oil Future APR2018 (NYMEX)Trading Signal Short Position (EP) : 62.80 Stop Loss (SL) : 62.85 Take Profit (TP) : 62.35 Description CL1! formed Double Repo Sell at 1h time frame. Trade setup with sell limit at 0.618 level of FR (62.80) and place stop loss after 0.382 level of FR (62.85). Once the position was hit, place take profit before an agreement (62.35) Money Management Money in portfolio : $50,000 Risk Management (2%) : $1,000 Position Sizing 1 Tick value = +-$1000 Commission fee = -$30/contract EP to SL = 0.05 Tick value = -$50/contract Contract size to open = 12 contracts EP to TP = 0.45 tick value = +$450 Expected Result Loss = -$960 Gain = +$5,040 Risk/Reward Ratio = 5.25
NYMEX:CL1!Short
by SuppasitWechprasit
3
Crude Oil APR2018 (NYMEX)Trading Signal Short Position (EP) : 63.05 Stop Loss (SL) : 63.75 Take Profit (TP) : 62.00 Description CL1! have reached day resistance zone and about to go down for correction. Turtle Soup was formed during 4h time frame. Set up sell stop at 63.05 and place take profit (Buy limit) before 0.382 of FR (62.00) Wait for the market price hit entry point then, place stop loss (Buy stop) at high of the candle stick (63.75) Money Management Money in portfolio : $50,000 Risk Management (2%) : $1,000 Position Sizing 1 Tick value = +-$1000 Commission fee = -$30/contract EP to SL = 0.70 Tick value = -$700/contract Contract size to open = 1 contracts EP to TP = 1.05 tick value = +$1,050 Expected Result Loss = -$730 Gain = +$1,020 Risk/Reward Ratio = 1.38
NYMEX:CL1!Short
by SuppasitWechprasit
CRUDE OIL (NYMEX)B&B Pattern. Trade setup with Stop Buy position (EP) at 63.50, Stop Loss (SL) at 62.50 and Take Profit (TP) at 64.30 Money Management I have 17,000 USD in my portfolio. I can lose 10% of the port which is 1700 USD. Position Sizing 1 Tick = $1000 1 Contract size need IM = $2,310 (I can open not more than $17,000 / $2,310 = 7.35 Cons) It is 1 Tick from EP to SL, with 1 Con, I will lose 1 * $1000 = $1,000 To lose 1,700 USD I need to open 1,700 / 1,000 = 1.7 Con Then I will put 1 Contract
NYMEX:CLG2018Long
by SuppasitWechprasit
Short with SL 55.5 Target below 45This is bit of a contra call since fundamental news points to oil moving higher in near term. EW count is self explanatory; also note the RSI divergence. Crude is moving in an expanding wedge and has lacked upside momentum despite positive news flows. If the EW count is correct Crude could move to new lows in 2017 . SL should be breakout from the expanding wedge (currently at ~ 55 and offers lucrative RR); 43 should offer medium term support.
NYMEX:CL1!Short
by TangoTrader22
Oil: Resumption of monthly downtrend?Oil is approaching an interesting juncture, after breaking the recent swing low, creating a reaction to the upside. I have shorted oil from between 42 and 41, and added on the way down, but recently covered when approaching the low volume support zone in light blue. I have added a quarterly speed line, connecting 2015's Q2's high with 2016's Q1 low, which has acted as resistance before, rejecting price at the recent top, as well as speed lines for the recent up and down swing in the daily chart. If we look closely, we can detect that April 4th's bar, offers a nice resistance level to short against, which matches the speed line analysis I've conduced, and also, is favored by time at mode trend analysis. We're trading below the uptrend mode, and despite finding bulls at a low volume support zone, it could very well be a short squeeze rally, and probably short lived. If price enters my sell zone (the red box from March 31st to April 14th), we could enter short (or add to shorts in the money) with a stop loss above the 38 handle, or more conservatively, above 41.5. Target is 21.70 but monitor the support levels below. Good luck if taking this trade. Cheers, Ivan Labrie.
FX:USOILShort
by IvanLabrie
18
CL 12-14 ForecastCL 12-14: Light Sweet Crude Oil CL is forming strong bullish move during November 2014 off the weekly bottom being formed this week. Aggressive traders can go long on any pullback move to the critical black lines. If weekly bar closes above 81.16-20 zone, this will be great confirmation of starting uptrend at least during first two weeks of November before the expected price capitulation at the end of next month (November). I will keep watching this instrument because it is my favorite one and will update you with re-entries.
NYMEX:CLZ2014Long
by AK_2014
1
WTI Crude Oil - SHORTYesterday WTI Crude Oil (/CLM4) completed an MACD divergence crossover on the DAILY chart. This signals a start of an intermediate downtrend (Less than 1 Month) for the Oil Futures. Trade Idea: SHORT /CLM4 at current prices and add more up to $103.45. Stop Loss is at a break of new highs at $104.20. Profit Target is $98 to $96. If you like trading Options, consider buying 100 Puts and Selling 105 Calls to offset the Put purchase (of course some margin will be used up).
NYMEX:CLM2014Short
by X-Factor