23/01/2015 Update

Oil can not brake 46. I exited second unit at 46.8.So 43 deltas left in the position.
Day downtrend is still in place.
I will stop the trade when a close above day MA20 is confirmed.

Mittal,as expected did not prove to be a good trade. The buying power took the market above 8.9 ,my stop leve however failed by the end of the day.
I am looking for a decent exit of this position.

Strong resistance around 9.2 on the day MA50 chart as below.Probably will keep the position until that level in case a decent exit does not materialize.

Arcelor mittal 60 min chart shows the strong trend down.

Finally realized results are below: