201 - Game Plan for Oct 27, 2017 - OPEC Promises to Extend Cuts and Bulls Drive for $53
Channel: Crude Oil Trading Journal
Date: 27/10/2017

* We managed to get as high as $52.86 after markets closed here on the East Coast yesterday…wow
* I had been looking for ~$51 to buy long, but I’ll need to be more aggressive than that… maybe even $51.75 or $51.50
* Short selling Targets are unchanged: 
    * Looking for below $51.50 to sell shorts
* …at least it’s not boring anymore
* All of this is …apparently… due to increased speculation over OPEC’s decision to extend it’s cuts …and actually deliver on those cuts
    * Do you believe them? …this time?

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