forker
Long

CL - Energy building?

NYMEX:CL1!   Light Crude Oil Futures
Everytime i see such coils, i think of somebody who has a "job" to do...
The projected upside explosion would meet exactly the BRK             point.

I only think about long when price is closing above the Centerline.

P!
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Price is really holding the MPL Centre Line ( Uppward Black Dotted Line ). I also see the Coil 1st building between the two apposing CL's creating a wedge & then the Zoom Bar & the pull back.....all in all with higher bottoms...Good case for a big uoward breakout! Nice chart!
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IvanLabrie Timing is key
Exactly, breakout trades need a coiling process first.
This has run its course, might be ready soon.
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If we get your pattern's first big bar, sure thing.
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Nice analysis. I have similar view, especially if it closes above 51.00
Two major factors will come in to play: 1) $DXY 2) Inventory builds.
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