Crude chart dictating this morning's moves

Thinking crude bounces off of wave "(((iii)))" low and up to 39.13 to 39.75 before going back down.

We covered our hideous short position this morning and turned and went long via UWTI in anticipation of the continued bounce. We'll take profits at 39.13 and then look to buy DWTI (short crude 3x) at 39.60 - 39.75.

Posted to Peak Analytics' Direction F… on Mar 24, 2016 — 10:03 AM

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Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
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