Crude Oil Long Bias Over Reversal Support

Trade Notes

This morning the US Open decided to immediately reverse from the low volume interest below 63.25/35. That price action gave us a long bias taking three trades on multiple contracts. Terms structure was resistance on the first touch but the second attempt which was the third trade had great follow through to the upside. Positional shorts were taken out and crude oil reminded us that there is no so called correction today.

Market Trades Position Results
CL 3 Long $80
CL 3 Long $110
CL 3 Long $410
Totals     $600

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