Night Owl™ Crude Oil Profit Attainment - 7/1 Session

Night Owl

Moderator
Staff member
DELIVERY PROFIT TARGET ATTAINMENT AND PRICE ARRAY DEACTIVATION:

With the attainment of faded Delivery Profit Target C at 40.350 following the elected Night Owl™ faded long Aug QM price array line at 39.600, the long CL/QM price array posted by me for this 7/1/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this (defensive) session.

Faded @ line election – 39.600 at 19:15 -> targeted exit price at 40.350 faded Target C;

Profit target attainment – 40.350 at 3:31.

As I have encouraged many times, you also might consider adding to your position at the ~ line as part of your nightly trading routine and then trail a stop on those extra contracts. If you’ve considered doing this, I suggest adding about 1/3 of whatever your normal entry lottage is.

Night Owl™ traders should cancel any working array line limit orders in Aug CL or Aug QM and remain flat until my next posting, unless you're trailing your open position with a trailing stop order.

With kind regards,
For Markusha Oil & Trading Company, LLC

Mark Ansel
Developer of the Night Owl™ Trading Model

P.S. View day-by-day Night Owl™ accuracy at the following link:

https://1drv.ms/x/s!Al-ChZGwJcUmkOtd3CnO_LLDRzmCig?e=m75NII
 
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