Buy CL Now! - $70 by Monday
- Thread starter The Kin2
- Start date
lol
Although the lack of explanation from the thread starter i think he have something here.
Today's close well above 67 break a key level in midterm that could add some momentum for the trend started in the low 50s.
I think a good risk/reward ratio trade could be a long position around 67.30/50 tomorrow near the opening, with a tight stop below 67. If the market is up to something here, it should not have problems to take out the 69/70 level in 2 to 6 sessions, otherwise you get a tiny stop.
In elliot wave terms we may be headed for a 1/2/3 pattern, of course... who knows.. but the potential on this trade its good enough to try something.
Good luck
Today's close well above 67 break a key level in midterm that could add some momentum for the trend started in the low 50s.
I think a good risk/reward ratio trade could be a long position around 67.30/50 tomorrow near the opening, with a tight stop below 67. If the market is up to something here, it should not have problems to take out the 69/70 level in 2 to 6 sessions, otherwise you get a tiny stop.
In elliot wave terms we may be headed for a 1/2/3 pattern, of course... who knows.. but the potential on this trade its good enough to try something.
Good luck
Go crude go $ 68.70.
Boy these global markets are so strong, crude may hit $100.00 wow now at $ 69.00