CL1! - Crude Oil - Daily - Turning Up for low-risk long

NYMEX:CL1!   Light Crude Oil Futures
1732 19 15
Another attempt - note the last one didn't flash a buy signal by climbing through the top of the breakout box earlier this week. But here we go again, it flashed a buy already a couple of times, we shall see if it does it again here.


10:46AM 45.42 last
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up to where would you say it will go ? 56-58 or is it best to take profit at previous recent high of 51+ ?
i'm waiting for the price to reach 40 before i think of long term longs, Saudi oil ministry said that it could go to 40 a few months back and they still wouldn't cut production. if you ask me that was as good as a nod saying oil will go to 40 bucks. time will tell as always....
Tim I want to open a long position 'Brent'. Will you be so kind and tell us the next lowest level to open the position or probably the oil lowest levels are nowdays?
EFT , DWTI ready to short :)
What do you use to trade this idea, futures, oil etfs?
GMOTruths baerrus
Good question! What about everyone else? What are you doing?

I'm using this price to trade related energy stocks. ISTM that RE is in demand, and solar is down. New homeowners getting solar might be a market. SPWR seems to be doing ok on earnings, at least.
WeeMee baerrus
i think it's called oil cfd
48.25 high! talk about a nice trade !
+2 Reply
Nice going! Amazing work from Tim as usual...This should fuel my CAD trades. :)
Have a great weekend everyone.
+1 Reply
The flat channel was much more visible on UKOIL
Now we need a confirmation in the following days.
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