Crude Oil continues to be a profitable day trading the front month. Currently, that is the December 2015 contract. Tuesday’s trade delivered winners trending both higher and lower. Shorts proved to produce the larger moves. There were also 3 periods of “whiplash” and counter trend trading. I would describe “whiplash” trading as a small period of quick whippy 10 tick rallies and 10 tick nose dives coupled together back to back and taking back on Tuesday, 46 ticks. I also include what some might consider a large amount for commissions, but the amount also includes slippage on entries.
Check out the chart below for today’s strategy trades.