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TomProTrader
Nov 20, 2016 10:42 AM

CL1(Crude): Buy Set Up #Oil Long

Crude Oil FuturesNYMEX

Description

Hi traders,

Opportunity to long after bullish momentum at sideways support. a strong morning star signal ignited the rally, and after a small correction a new opportunity for a continuation long is here.

Thank you for your support.
Comments
smitheric1970
Agreed and I believe that a rally here in the face of such a strong DX will be OPEC related; and so believe we will breach the 51.5 levels. Good analysis sir.
TomProTrader
@smitheric1970, I strongly agree, can go either way after hitting the level you mentioned! :-)
IvanLabrie
Indeed, time for a rally.
Cheers.
TomProTrader
@IvanLabrie, I agree, Canadian Dollar likely to stall into the week, reinforcing this trade further. Best of luck :-)
IvanLabrie
@Tom_Killick, thanks Tom, cheers.
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