Comments on: Crude Oil Futures At Support with Potential Divergence https://rightsideofthechart.com/crude-oil-futures-at-support-with-potential-divergence/ Stock Trading, Investing & Market Analysis Mon, 20 Aug 2018 18:06:52 +0000 hourly 1 https://wordpress.org/?v=7.0 By: rsotc https://rightsideofthechart.com/crude-oil-futures-at-support-with-potential-divergence/#comment-4753 Mon, 16 Jul 2018 20:25:34 +0000 https://rightsideofthechart.com/?p=187545#comment-4753 In reply to Jeff Vandenburgh.

I just saw this & see your other comment below where you took profits, congrats. If you decide to go back in for another long trade, 68.10 looks like the first decent resistance level on /CL which could be used as a price target we get a half-decent bounce off 66.80. Max. bounce target, should we get a rally with legs, would be the 70 area. Congrats again.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/crude-oil-futures-at-support-with-potential-divergence/#comment-4751 Mon, 16 Jul 2018 19:58:22 +0000 https://rightsideofthechart.com/?p=187545#comment-4751 In reply to BIGBADWOLF.

I took profits for an average of 40 ticks per contract. Great trade! Thanks, Randy!

]]> By: BIGBADWOLF https://rightsideofthechart.com/crude-oil-futures-at-support-with-potential-divergence/#comment-4749 Mon, 16 Jul 2018 19:09:23 +0000 https://rightsideofthechart.com/?p=187545#comment-4749 In reply to Jeff Vandenburgh.

On USO it would be 14.3-14.6 where 8 day moving average crosses 21 day, which is sometimes used as a trigger zone to sell the pullbacks. Looking for a reentry at that point.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/crude-oil-futures-at-support-with-potential-divergence/#comment-4747 Mon, 16 Jul 2018 18:03:23 +0000 https://rightsideofthechart.com/?p=187545#comment-4747 /CL bounce underway now. Where would you target? 68-69 area?

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