WTI crude oil overnight rise was less than robust and at the hour (noon) a reversal candle bar appeared in the 60-monites time frame. This suggests prices are about to head lower. As such, it is better to close out the existing long position and re=position longs at lower levels.
The basis idea remains unchanged. Crude oil is heading higher to re-test the Oct/Nov high of $94.00. Should prices decline later, a better levels may be available.
#1 Limit Buy @ $79.340.. Filled on Wed, Nov 23, 21:13pm.. Closed Out Fri, Nov 25, 10:20am -$50.37
#2 Limit Buy @ $78.700. Filled on Wed, Nov 23, 23:40pm. Closed Out Fri, Nov 25, 10:20am +$10.46
Stop @ $75.700.