GLOBAL FINANCIAL ENGINEERING SWING TRADING STRATEGY FOR Crude Oi
The Primary Trend (PT) given by the Monthly TIME BAR (MTB) is currently Bearish
The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bearish
The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend (STT), given by the Four Hour TIME BAR (FHTB) is currently Bullish
In light of the above trend analysis we will start a bullish trade on crude oil using Global Trading Strategy #1 on the Global Automated Trading System #1 which trade in the direction of the One Hour TIME BARS (FHTB).
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The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
The Secondary Trend (ST), given by the Weekly TIME BAR (WTB) is currently Bearish
The Medium Term Trend (MTT), given by the Daily TIME BAR (DTB) is currently Bullish
The Short Term Trend (STT), given by the Four Hour TIME BAR (FHTB) is currently Bullish
In light of the above trend analysis we will start a bullish trade on crude oil using Global Trading Strategy #1 on the Global Automated Trading System #1 which trade in the direction of the One Hour TIME BARS (FHTB).
Read more
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security.
To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers.
Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Comment:
Adjust Global Trailing Stop Loss to $56.95
Comment:
The Global Trailing Stop was triggered at $58.28 after a short term bearish move on the four hour time compression.
We prefer to trade in the direction of the medium term trend given by the Global Daily Time Bars(GDTB) which is currently bullish.
We will wait for further price action
We prefer to trade in the direction of the medium term trend given by the Global Daily Time Bars(GDTB) which is currently bullish.
We will wait for further price action