Crude Oil Futures - Trading Levels for 3rd Oct 2016

Od quin2k
Expecting "intraday" range to be held between 47.70 and 49.40. These are NOT predictions of price action but levels from which to anticipate a correction to the prevailing price movement.

Suggest Long @ 47.70; Stop of 15 ticks & Target of 45 ticks.

Suggest Short @ 49.40; Stop of 15 ticks & Target of 45 ticks.

NOTE: This is a "counter-trend" strategy.

Crude Oilfuturesrangebound

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