Ichimoku Stock Oil BBG Trade Setup – 4/30/10

BBG has been consolidating for awhile now.  The weekly Ichimoku chart looks like it is setting up for a little break out.   Therefore, we are going to find a low risk option for this trade.   We want it a low risk because we are “jumping” the trade early.
 
Below is the weekly chart.  Notice, the Chikou will be coming out of price bullish by end of this week/next week.

 
Here is the option we are looking for.  We are going to try for 0.30/contract.   If not, you can try 0.35/contract later.

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About the Author Manesh Patel