Today after Inventories CL falls DOWN. It creates second break out down and starts creating trading structure. For me it is not a trade but interesting opportunity. It is nearby 2 stronger rejections where one should move SL to BE. Initial SL should BE around 54. First target 50 with big opportunity to go much more down if the market will be quick enough.
Note
Break out confirmed. Nice situation for swing/position trade short.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.