Crude Oil Futures (May 2017)
Short
Updated

CL - Crude pulled back to L-MLH. Ready to fall?

207
Crude is in correction mode.
It's beautiful trading within the Pullback-Fork and has broken the L-MLH of the smaller blue PB-Fork.

The actual pullback to it is textbook like...which I like! ;-)

P!
Note
BTW - If the main chart is confusing, try this one :)


snapshot
Note
drrrropppingggg hehe...
Note
...still some more to go, but in the nearer Fork/Swing, the L-MLH was reached.

snapshot
Trade closed: target reached
Here we are, at the sliding parallel of the weekly.
This is a good place for take profit, although I no that "Greed is good" ;-)

Let's see if we have a re- entry on a test/retest at the L-MLH:

snapshot

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