CLH16 – March Crude (Last:29.59)

Counterintuitive set-upIf the futures go no lower on Tuesday, it could set up a buying opportunity that in Hidden Pivot parlance is called a ‘counterintuitive’ trade. Without going into the etymology, the trade itself would entail a buy-stop entry at 30.41, with a stop-loss at 29.60 placed against an order to take profits on half of the initial position at p=31.22. Thereafter, you’d be on your own, using 32.82 as a minimum objective for half of what you’re still holding.