Trading position

Please note that due to market volatility, some of the key levels may have already been reached and scenarios played out.

- [CL]  Long around $69.21-69.63 with stop below $67.12 (previous swing low) and first target at $72.30 (again) – second target will be defined later on, depending on where the current up wave will find resistance (see details of the trade plan here…)

- [NG]  Long around $4.573-4.701 with stop below $4.215 and target at $5.266 (Fig.1 & 2).

In response to readers’ questions, in Tuesday’s article we are going to provide you with some tips on how to use our Oil Trading Alerts for different instruments in other currencies.

Here’s the question we received:

We would like to thank William, one of our readers, who asked us this question, so we can focus on providing some answers which probably some of you might be wondering about.

By the way, feel free to send us your questions or any topics that you would like us to write about in the forthcoming editions.

Thank you.

Sebastien Bischeri
Oil & Gas Trading Strategist