CL Bullish and Bearish Plays for the Week
BULLISH PLAY (IMMEDIATE POST-CPI TRADE ONLY)
*VALID ONLY TODAY FOLLOWING CPI NEWS RELEASE*
Entry Conditions:
- Wait for sell-side liquidity raid near 77.20 during CPI volatility
- Look for deep retracement as entry opportunity
- Confirm failed breakdown with reversal into trading range
Target: July 2024 high (79.67 area)
*This bullish setup expires at end of today's session - do not take this trade after today's CPI volatility settles*
Note: The bullish scenario is specifically designed to capitalize on potential CPI news volatility today only, while the bearish scenario is structured as an end-of-week trade setup.
BEARISH PLAY (END OF WEEK TRADE)
CRITICAL REQUIREMENT:
- 77.20 sell-side liquidity MUST remain INTACT for trade to be valid
Entry Conditions:
- Wait for upward expansion following CPI news
- Time entry for end-of-week (Thursday/Friday Ideal) selling pressure
- Look for market structure break as entry trigger
- VOID if 77.20 gets raided
Target: 77.00 area
*VALID ONLY TODAY FOLLOWING CPI NEWS RELEASE*
Entry Conditions:
- Wait for sell-side liquidity raid near 77.20 during CPI volatility
- Look for deep retracement as entry opportunity
- Confirm failed breakdown with reversal into trading range
Target: July 2024 high (79.67 area)
*This bullish setup expires at end of today's session - do not take this trade after today's CPI volatility settles*
Note: The bullish scenario is specifically designed to capitalize on potential CPI news volatility today only, while the bearish scenario is structured as an end-of-week trade setup.
BEARISH PLAY (END OF WEEK TRADE)
CRITICAL REQUIREMENT:
- 77.20 sell-side liquidity MUST remain INTACT for trade to be valid
Entry Conditions:
- Wait for upward expansion following CPI news
- Time entry for end-of-week (Thursday/Friday Ideal) selling pressure
- Look for market structure break as entry trigger
- VOID if 77.20 gets raided
Target: 77.00 area
Trade active
77 is now the draw on liquidity. Looking for short entries today.Note
/CLH25 Target extended to just below 76.Trade closed: target reached
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