href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhcWNNLRCrsxDJb4Db2FSNP0Wzo1BclLa02vf4uwud4zQOzhPSjeqlnxuJtWF66wOmlRKHF8lk8MKgWzQnqj4638kmgMGGhVSEgGKcGAQAqj4ZTocgu1mlXDVAV2UPBWrvhKaS7DdGDmYs/s1600-h/655+tuesday+2chart.png">
We sold at 49 stop in place 49.25 move stop to break even at 49
940 PM CURRENT PRICE 48.5 MOVE STOP 48.70 GO TO BED SEE YOU AT 8 HOPEFU;LY WE WILL UP ANOTHER POINT WORST CASE SCENARIO UP $300 THAT IS HOW WE PLAY THE OVERNIGHT TRADERS!
We sent a late email after determining the veracity of the alleged double top an extremely bearish pattern noticed first by Barclay's We also did not like the fact that it did not take off and the EIA has indeed although discounted conflicted with the API coming up bearish with surplus supplies. THe joblessness looms and the NFP is two days away. Systemic risk has financial leading this late sell off as Morgan comes up less than stellar. As I mentioned i the email this trade is going to overlap the one hour close
so re-enter stop order to remain protected we are up close to $4000 this week so we take a shot on the downside here
as our enrty point on the buy side was missed by the slightest margin-Sometimes it is a game of inches
update 4:16
As we write june oil drops to 48.60 puts us up $400 if you were to take the trade I wouldn't be mad we will move stop
and protect $200 48.8 stop adjustment #2
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