CL broke a trading range held since June 2022.
now CL is retesting the range and forming a key pullback at 92.44.
The market ended this week with a hammer (bullish pattern) that showed the power of buyers.
Going long would be a good idea for investors or swing traders with a 1 3 risk reward ratio.
The price will possibly reach $100 as a potential first target.
it could even rise to 115 if buyers hold power in the next weeks
now CL is retesting the range and forming a key pullback at 92.44.
The market ended this week with a hammer (bullish pattern) that showed the power of buyers.
Going long would be a good idea for investors or swing traders with a 1 3 risk reward ratio.
The price will possibly reach $100 as a potential first target.
it could even rise to 115 if buyers hold power in the next weeks