Monday madness keep dropping the stopping

Futures down 170 -oil down to 50.75 7:18 AM drop the stop to 51.25 locking up $3000
were we to cover here it would be a total of $3500 at 51.75 and i would not blame anyone for this
but we are taking a shot to the downside and we said so thursday night-
Many times you can trade the range and there is a great deal to be made often we trade this way
but sometimes especially when it accelerates oil can rocket like a star ship or drop like a ton a bricks we are betting the latter-We are finally getting some lower sentiment on future commodity prices after everything we have seen we are planning to cover at 49.62 but we will move stop down 1/2 at a time to increase profits on the thursday trade if it does crack it will probably be bloody so if we decide to go long we will put it where oil will be oversold badly
maybe touch 48.75 area

to the immediate left is a may chart current to 8:25 as you can see clearly this is a buy channel
bottom 49.62 top 55.18 there is a pivot line where sentiment changes if crossed back
we are looking to cover for 4.5 -5 points for the thursday trade make sure you are employing stops but let's keep this short party going how much fun is this? Listen to the talking heads and your head will spin too-we got you short Thursday today after 4 % correction they decide to warn about long positions what good is that? We are looking for the turnaround i the next day or two they are always a day late and more than a dollar short





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