PLEASE BE ADVISED:
Markets in the US will be closed tomorrow (Nov. 25), due to the US Thanksgiving holiday. I'll update you on the situation and positions on Friday. Today's publication will only feature the latest chart. Additionally, please take note of the fact that my trade targets have almost been reached.
Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.
Trading positions
Note: Trade target almost reached for our WTI Crude Oil position!
- WTI Crude Oil [CLF22] Long around $75.25-76.22 support (yellow band) with targets at $79.37 / $82.24 and stop just below $73.43 (previous swing low) – See chart
- Natural Gas [NGZ21] No position currently justified on a risk-to-reward point of view.
By the way, you can check out more details on my latest oil targets in Monday’s article.
Here is the latest chart from today (Nov 24th):
That’s all for today, folks. Happy trading!
As always, we’ll keep you, our subscribers well informed.
Thank you.
Sebastien Bischeri
Oil & Gas Trading Strategist
