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SJTRADESFUTURES

Light Crude Oil Futures Short Setup and potential Long

Short
Light Crude Oil Futures (NYMEX:CL1!)  
SJTRADESFUTURES Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns futurestrading shortsetup oiltrading nymexcrude tradesetup Contains image
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trendanalysis chartpattern futurestrading shortsetup oiltrading nymexcrude tradesetup containsimage

Expecting some sideways before a move up into the 78.50 region and a pull back to the levels shown .
Aside from the confluences I have documented , this plan also correlates well with my USD outlook .
I will wait for the short and have alerts set but there is also a long from around 75.20ish if you wanted to take the move up beforehand.

Of course this analysis could easily change so manage your risk accordingly with your trading plan .

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Trade closed: target reached:
This trade is now closed after fulfilling both the Long and the Short setup that was given above . Taking a 1 contract short from the designated zone should of given you $3800 profit so congrats if you took it .
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