Night Owl™ Crude Oil Profit Attainment - 7/13 Session

Night Owl

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

With the attainment of faded Delivery Profit Target C at 39.925 following the elected Night Owl™ faded short Sep QM price array line at 40.650, the short CL/QM price array posted by me for this 7/13/2020 session no longer is active. Night Owl™ will take no more limit entries from that array during this session.

We didn’t get the degree of upward retracement we had expected before Sep CL/QM moved in the Night Owl™ predicted short-side direction. That often is characteristic of a market close in which Night Owl™ Rule Item J must delay recognition of any entry setups at 18:00 ET.

Therefore, I hope you used entry at the ~ line, so you could book some profit. That is why it is there.

~ line election on a stop – 40.575 at 18:01 (and again at 18:06 if you waited until after the open) -> targeted exit price at 39.925 faded Target C (best faded line to have elected at the time of ~ election was 40.650 -> targeted exit price at 39.925 faded Target C);

Faded profit target attainment – 39.925 at 6:44 (or at 5:25 if you traded Sep CL).

Night Owl™ traders should cancel any working array line limit orders in Sep CL or Sep 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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