YM.Chong

Patiently Waiting For a Breakout Signal for Crude Oil !!!

Long
NYMEX:CL1!   Light Crude Oil Futures
1
Patiently waiting for a break out signal for crude oil. A break out may possibly lead the market to 33.50,37.50 and 42.50.
Additionally, MACD potentially showed a bullish divergence signal for crude oil.

Suggested Long after any breakout of downtrend line, TP 33.50,37.50 and 42.50 with cut loss at $ 23.50.

Would appreciate if you could provide some feedback for following analysis on crude oil. Happy trading, Cheers :)
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