Today featured a strong close for July WTI futures. If the $120.00 area comes into play again, a countertrend scalp may set up in the next 24 hours.
Here's the trade:
1) Sell $119.94
2) Initial Stop Loss @ $120.09
3) Profit Target @ $119.79, 1:1 risk vs reward ratio
Here's the trade:
1) Sell $119.94
2) Initial Stop Loss @ $120.09
3) Profit Target @ $119.79, 1:1 risk vs reward ratio