CFDs on WTI Crude Oil

Long

CL - all stop - full reverse

Updated

Looking for CL to bottom here and head up to the $49.5 area which is the intersection of the top of its descending channel and midline of a larger channel.

Note

Target is about here as I was looking for the 78.6% retracement from the previous high. Closing the trade here. Today's PA will help shed some light on the next move.

Trade closed: target reached

Note

snapshot

Related publications

CL drop to the low $30s?

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.