we are at the break-Tuesday's trading starts in 16 minutes

June oil closes after open-outcry and settled at 54.50 take a look at this new buy channel
we sent our advisements by email to our members at 54.5 and when we scrutinized the chart we see the top of of this new buy channel was 54.65 the exact high for the session. It has bounced off this line three times thus far in its short development. 

We are short at 54.50 and our stop is in place at 54.75. Slow start to the week we are up $400-
This is a trade there are plenty of reasons to sell oil here but sentiment is bullish in the extreme at present so if we get stopped-we re-group. Experienced traders will all tell you that losses are part of the game if you are one of my avid readers you will know that. We have been range bound near-term oil has been trading between 46 and 55 for some time-We take a shot at the short side here after two attempts yesterday to buy and netted a meager profit but somehow feel slightly thwarted.
Our secondary account blossomed we are long X at 25.40, Citibank at 2.45 and Rimm back on board at 68.375  after a long story that we don't even want to get into.
We aim to trade on the same amount of cash so we are not tempted to increase our contract size or stop system we have a balance that works. so profits that are generated from oil trading gets transferred into a secondary account and we wait for pullbacks and try to buy equities for the long term.