Crude – what a head fake!

in my last post i mentioned how crude has broken above the 200 days moving average in a ‘fantastic’ way. Since the market is always right, and the price is the only true north star, i hit my stop loss and exited the position i was in.

Yes my three standing orders got triggered, and here are they. Now why you might be wondering i am trading only 1 contract each. Lol, Living while traveling is cheap and asia is cheaper!

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I have a sell standing order on crude right below at 54.64 with a expectation that it will fall upoto the next support around 53.15 and nice 150 ticks. very tight stop loss at 54.84.

why ? Crude is at critical support as the 1 month chart shows.

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