I don't trade oil but...
The chart looks strong on the daily.
Kind of a bet on a Red Wave in the midterms. GOP friendly to oil.
If it goes my way I'd sell in on Wednesday (buy the rumor, sell the fact).
Bought a 1 lot Dec crude 93.15
Risking 3$
Thanks joj!
This is a great trading contribution.
I have a lot to add to this thread but our internet is messed up and it took me 2 hours to make 5 posts today.
Spectrum is supposed to be here in an hour to figure out what the connectivity issue is.
Previous comprehensive crude thread:
For some of those same reasons I just bought the Loonie at 7407.0 and risking 20 pts.
I'll hold thru tomorrow and maybe a bit further if it's panning out.
Now then, the daily shows a H & S with left shoulder at start of September and the right just completed Friday,
and just broke the neck - let's see if there is carry thru.
John
PS - I'm using a USD/CAD chart
I had a brain cramp there.
A GOP win should make S&Ps go higher and crude go lower (not higher).
I pitched the trade for a buck loser.
Thanks for sharing and your honesty, joj!