5 - Results for June 20, 2017 - Bought Long, again, and carrying a small profit into API & EIA News
Channel: Crude Oil Trading Journal
Date: 20/06/2017

With Crude Oil testing $43 for the first time in 2017 it was "officially announced" that oil has entered a bear market... no kidding!

I bought at the open at $43.28, but the bearish sentiment was strong and we dropped for a 3rd time this morning to a low of $42.95... that's right... we saw the number 42 for the first time in 2017.

We started to rally heading into the close as folks hedged their bets on the news scheduled to arrive in 30 minutes after North American markets close today, but not quite high enough to give me a warm-and-fuzzy about selling ...so I'm holding on to a small unrealized profit in hopes that news is bullish. Fingers crossed!

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