Sell CLQ16 – CLU16: short August 2016 Crude Oil and long September 2016 Crude Oil
May 23: sold 2 contracts when 1-2-3 pattern occurred. PTs and SL defined based on the support and resistance levels. The market is going sideways.
June 7: the price was ranging between SL and PT1, when price hit the PT1, I moved SL to BE. Later I decided not to risk and I closed the position with small profit of 160 USD due to following reasons:
- crude oil inventories report next day
- choppy market
- end of trade window in 3 days
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