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Big Crude Trades on OPEC Production Cut

Posted by David Bean on

Really big swings in Crude Oil today. Gap Fill and Reverse from Chapter 6 of our new book, and the free chapter we have been giving away, captured 239 points or $2390 per contract. Cobra Crude Oil also went long for 150 points while the Crude Oil Inventories Report trading system captured 70 points. 
The news out of OPEC today is that there will be a decrease in production which drove prices higher off the lows. Crude has been really choppy lately as there seems to be a bullish sentiment that has Crude Oil above $50 and a bearish sentiment below $40. In the meantime we chop around in the middle. These wide range "chops" created nice trend trades for our day trade systems.

No hype here as there will be many losing days as well. Last week we recorded the live losing trades from the inventory report on our Youtube channel and the after hours strategy has a series of losers as well. The equity curves are up though and Gap Fill and Reverse Crude Oil from Chapter 6 in our new book, "Algorithmic Trading Systems" is still free as well two other strategies we talk about in the video below.
We have the portfolio updates for Q4 for start of trading on Monday. We will release those tomorrow with the special offers.
Trade Well!

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