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Alekznder

Trade Idea #49 - $Cl1! - Oil out of Muddy waters

Long
Light Crude Oil Futures (NYMEX:CL1!)  
Alekznder Updated   
NYMEX:CL1!   Light Crude Oil Futures
Crude Oil Futures WTI (CL1!) oiltrading oilforecast Crude Oil WTI Crude Oil Brent oiltrading
11
3
cl1! oiltrading oilforecast usoil ukoil oiltrading
Two great-setups for the dead cat bounce and for longer term (Maybe 3 year contracts?)

Fundamentally I am looking for some anti-fraking news to be coming out within the year, thus reducing supply.

Reasons
  • Heavily Oversold
  • Great Risk/Reward
  • Recovering from 5' Wolfe Wave Technical

Correct Position Size is crucial for large % swings.
Good Luck.
Trade closed: target reached:
WOW. Now that's a big winner. Great trade. Exiting the shorter term set-up for a whooping 40% on capital.
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Surgical Execution.
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Longer term trade working out well with the break above $42 resistance. $50 Oil should be soon and the $80 target still intact.
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See latest comment.
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See latest chart
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A trade like this is all you really need ! Keep it simple.
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