Okay, the OIL is in important section. It is going to Re-test the $74.50 and more likely it will come tonight or even before market open. Here's the scenario. No doubt the Price will go to $74.50. After that, it will bounce hard or dive deeper. But it won't stay. S/R will be $74.50 - $76.00
Brief explanation about Crude Oil:
Crude Oil (CL) Contract at my broker costs $2000 per contract.
The multiply in cents. 1 cents worth $10. The commision almost the same with E-Mini.
Quiet Day : 100 cents range with 20-40 cents multiple wave
Medium Day : 150-200 cents range with 50-100 cents multiple waves
Busy Day : over 250 cents range with over 100 cents multiple waves
Even on quiet day you may book 50 cents profit on CL. That's $500 per contract.
In busy day, $1000 profit may look too small.
On quiet day, it's like having 20 pts E-mini range, which not happen much of the time.
So, interested in Crude Oil ?? :)
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