Last Friday, Aug 6th, you can go back and see, that I had a chart and a reccomendation to sell crude oil short against that trendline. Today we broke down to the congestion area at 76.00. A 5.00 profit. I would take profits on 1/2 of the position. Move your trailing stop down from 81 to 79.50 area. I don’t like using round numbers for a stop, but put a stop in somewhere around that area.
If 76.00 does not hold, we could roll over and go back down and test the 71.50 and then 71.00 congestion area.
Good Trading
