CL LONG Play

CL looks to have found support and based out with consolidation on support.
Risking about 2% downside with lots of upside potential on this trade.
MACD curling up about to cross for bullish confirmation.

Profit taking pink lines above. Ideally would only have runners left for the full retrace to its previous levels around $86.

OPTIONS: 3/19 $80 Calls or $82.5 Calls.


NOT A FINANCIAL ADVISOR JUST A SIMPLE TRADE IDEA USING SUPPORT LEVELS.

Comment:

This trade is starting to work in our favor now. Strong green day to end the week and will look for a continuation into next week. Hopefully we can get back up to previous levels.

SCALE OUT AND TAKE PROFITS ON THE WAY UP!