CRInvestor
Long

CL1! - Resolved Higher; OTE Short sweet spot on the horizon

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
181 0 0
On nice momentum and volume , price for crude oil             has recently resolved higher. It has previously touched our '1st stop' 38.2 fib target and needed some time to decide if it really was bullish . That decision seems to have been made and a serious test of the Optimal Trade Entry ( OTE             ) short zone (61.8 to 78.6 fibs) ought to be expected. Additionally, that level also represent a key high, so a test of that level seems appropriate.

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