150 - Week In Review for Sept 18-22, 2017 - Attempted $51 & Flat Pre-OPEC Meeting. Aggressive Shorts
Channel: Crude Oil Trading Journal
Date: 24/09/2017

* Sept 18 - 22, 2017 was just more waiting as we… appear to… top-out at about $50.70 ahead of OPEC’s meeting
* I bought short twice… first at $50.80 and later at $50.62 when it looks like we’re going to drop (or pop?)
    * In retrospect, I can rationalize the $50.62 buy, but I regret it as it doesn’t conform to my strategy and is overly aggressive
    * Hopefully I’m lucky and we get the drop that I’ve been expecting for so long
* OPEC meeting outcome = compliance is up…not much else
    * What does that mean for Crude prices…? We’ll find out.
* If we go up above $51 again, I’ll exit my $52 long at a loss :(

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