Alright folks, today we’re gonna take a look at crude oil. I hope everybody had a nice Christmas holiday if you celebrated doing a follow up here at the request of a follower on crude oil last week we talked about a bullish is a bullish setup in crude oil based off of seasonality, we fact we had a suggested long date on 1222 with an end date of one for 2020 to 80% win rate over 15 years, one 515 years of data average profits been about $2,400. So if we take a look at that suggested long date here, on that minor trendline resistance break here at 71 Half, as of this recording, we’re trading at around 75 half that is good for $4 or $4,000 per contract, you don’t need to trade crude oil futures or Crude Oil Futures options. You can trade us Oh or a myriad of other crude or energy ETFs. Our first target on this bad boy is going to be around the 78 to 78 Half level. So that is good for another $3 or $3,000 per contract if you’re trading crude options, or some type of ETF
Technical damage done
A lot of technical damage done today across the board….however these types of moves can set up some absolutely beautiful trade ideas for the rest