Oil made 1,2,3 High reversal pattern and Rh completed in friday
If the Monday open is inside friday Range there is good sell opportunity
Sell 1 tick below 69.70
stop above 70.70
limit@ 68.70
CK06
Corn is in congestion , if Open is contained by friday Range
Possible trade will be
sell 1 tick below 230"0
stop 1 tick above 234"0
limit@226"0
This congestion can be representation of accumulation or distribution.
Oil trade closed @69.14
P/L+0.55 or $550 per contract on Exit1 :cheesy: :cheesy: :cheesy:
and P/L +1.19 or $1190 per contract on Exit2 :cheesy: :cheesy: :cheesy:
If one trade by the book and have nerves of steel He will exit part of the position on the point of the hook
and move his stop to lock profit and close the remaining contracts on exit2