The Primary Trend (PT) given by the Global Monthly TIME BAR (GMTB) is currently Bearish
The Secondary Trend (ST), given by the Global Weekly TIME BAR (GWTB) is currently Bearish
The Medium Term Trend (MTT), given by the Global Daily TIME BAR (GDTB) is currently Bullish
The Short Term Trend (STT), given by the Global Four Hour TIME BAR (GFHTB) is currently Bullish
In light of the above trend analysis we will start a bullish trade on crude oil using Global Trading Strategy #1 on the Global Automated Trading System #1 which trade in the direction of the One Hour TIME BARS (FHTB).
Global Entry Signal For Trade #1: Buy @$54.59
Global Trailing Stop Loss Trade #1 : $56.368
Global Target Profit Trade #1 : $71.709
Global Trade Management Strategy: We applied the Global Trailing Stop System for Global Trading Strategy #2. The current price is now at $57.67 and hence we can now activate Global Trading Strategy #2 on the Global Automated Trading System #2 which trade in the direction of the Four Hour TIME BARS (FHTB).
Global Entry Signal For Trade #2: Buy @$57.51
Global Trailing Stop Loss Trade #2 : $54.245
Global Target Profit Trade #2 : $90.734
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To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice.
To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by Global Financial Engineering,Inc. to buy, sell or hold such investments.
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