Likely Pullback Today

NYMEX:CL1!   Light Crude Oil Futures
Wait for confirmation of pullback
1. Enlarge short positions @ 56.45 level
2. Pullback likely back to channel line
3. Target TP @ 52.85 level
Trade active: Price level now back within channel line
1. Taken some profit for positions shorted @ 56.45 - 57 levels
2. If day resistance of 56 holds, support level likely to be tested next week
3. If 56 doesn't hold today, be prepared to see higher price levels till end of Nov
Trade closed: target reached: Refer to the latest charts for updated trades.