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Out CL @ 70.78. Profit = $280 per contract.

Out CL @ 70.74. Profit = $2,700 per contract.

Today, after not seeing an a-b-c flat form, more specifically, what I thought to be sub-sub-minuette wave b rise back to the previous high of 71.89 (re-labeled sub-sub-minuette wave x), I had to re-evaluate. Below is what I believe the current wave count is. This is premised upon 70.40 not...

Trades for the Week Ending 5/11/2018

Long CL @ 70.50.

Today, I came into the light sweet crude oil (CL) market, expecting minuette wave 2 to retrace minuette wave 1, at no worst than the 61.8% retracement level. What I got was a slightly more than 78.6% retracement level that not only retraced minuette wave 1, but also minuette x, a, b, and c as...

Long CL @ 68.04. CL @ 69.10. S/L raised to 68.04. I believe that I have found my position trade.

Stopped out. Loss = $210 per contract.

Short CL @ 69.90. S/L @ 70.11.

Stopped out. Loss = $87.50 per contract.

Long HG @ 3.0710. S/L @ 3.0675.

Stopped out. Loss = $150.

Long HG @ 3.0740. S/L @ 3.0680.

Analysis of the Month: Copper (HG) I have been ruminating over why I have not been able to position trade in the copper market. I have surmised that the copper market wants the supply-side resolved. In particular, the copper market wants the labor negotiations at the BHP Billiton-operated...

Trades for the Week Ending 5/4/2018

Stopped out. Loss = $50 per contract.

Short HG @ 3.0990. S/L @ 3.1010.

Stopped out.

Short CL @ 67.90. CL @ 67.55. Buy CL @ 67.90 stop or buy CL @ 66.80 limit OCO.

Out CL @ 67.85. Profit = $250 per contract.