Tuesday, July 21, 2015

Update: Pullback to OP on Crude Oil Bear Trap Long Signal: 7/21/15

Update: 7/21/2015 - 3:00pm EST

We pulled back to OP levels identified in 10:30am 7/21/15 post: "Long confirm: Pullback to OP with a Break of Trend".

OP pullback with "aggressive" long signal on 1 hour bar is shown on chart below. Break of today's high will confirm BOT mentioned in quote above from earlier post. BOT is point for addition into current position and/or "conservative" initial long entry depending on whether aggressive initial trade was taken or not.

Stop: Currently remains below bear trap, but can place below OP if risk is a concern.

Target: Remains unchanged.



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