crude oil trade result seasonal futures commodity spreads clg17 clf17

November Trade Summary: Crude Oil with Small Profit

Buy CLG17 – CLF17: long February 2017 Crude Oil and short January 2017 Crude Oil.

October 24: bought 1 ct when price broke the resistance at 0.6. I could enter when price broke the resistance at 0.5, but there were no confirmation yet from additional indicators. Risk per trade 2.1 %. Initial SL set on 0.39 and initial PT was 1.2 (rrr = 1:3).

November 10: I moved stop loss little bit above break even level at 0.62.

November 14: The price significantly moved against me and I decided not to risk and take small profit of 70 USD.  

(click on image to enlarge)crude oil trade result seasonal futures commodity spreads clg17 clf17

Summary

Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
70 $ Buy 1 2016-Oct-24 0.6 2016-Nov-14 0.67 9.24
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