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TFC Commodity Trading Forum

Re: July Crude/ Still No Breakout/Razor *PIC*

Thanks Razor. But I don't drink beer. In my youth with a wife and when the 2nd kid was born I realized I couldn't afford or deal with the issues of drinking and partying etc anymore. So I stopped that with nose to the grind and rarely drink booze. And when I have a beer or glass of wine now I'm tipsy and will have a hangover the next day. Far cry from the good old days when I used drink like a fish with no issues. I drink a lot of coffee though now and it doesn't keep me awake or affect me in any way either. Can even have a couple of cups before bed with no affect. Strange as it all may seem..........................

But if I see July Crude tag that double bottom again at 81.21 I'll be watching very closely for an intraday plunge below it with a high close and reversal bar. That would get me long with as stop below that bar. Even a "CLOSE" above that downtrendline would be a high odds trade to the 87.03 recent high. No high close and a close below that 81.21 low for a couple of days and I'd expect to see 77 next. Same strategy applies with a tag of 77.