Crude oil has continued to rally while extending multi-year highs due to a tightening of global supply and strengthening fuel demand increases. The December contract just made a new contract high @ 85.38 this morning. I recommended buying the December contract on Wednesday last week and my target was hit Friday afternoon @ 84.00 ($2,200 profit per contract). Great job to everyone who participated on this trade with me!
Check out my full technical analysis below in the charts. I recommended the following trade:
BOUGHT GCLZ21 @ 81.80
SOLD GCLZ21 @ 84.00 ($2,200 profit per contract)
*Risk/reward are calculated before commissions and fees*
Call me if you want to review this trade with me personally – 312-706-7639.
DAILY CL – Update
Jace Jarboe | Futures & Options Broker:
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