WolfeDayRocker

High Probability Intraday Trade Setup for Crude Oil Future

NYMEX:CL1!   Light Crude Oil Futures
The following are trades setup ideas in 15 mins chart for Crude Oil Futures .

There are 2 distinctive dotted lines labelled as
1. AI's Intraday Resistance line
2. AI's Intraday Support line

Short Play Probability Setup
If price is below Pivot Point S1 line and price action closed below the AI's Intraday Support Line, the idea is to short and take profit at Pivot Point S1. Traders may choose to take partial profit at Pivot Point S1 (instead of closing entire position) and depending if bearish sentiment continues, remaining position could be closed when price approaches below Pivot point S1 and S2 region. This is dependent on his/her position sizing to lock profits and to maintain an existing open position as risk-free.

and/or

Momentum Range Play Probability Setup
If price is above AI's intraday support line and price action closed above Pivot Point Line, the idea is to long and take profit at either Pivot Point R1 or AI's Intraday resistance line. Minimum RRR 1.5 is recommended for this setup.


Instead of relying on 100% discretionary (human) trading, the robots will provide trade execution plan and it is entirely up to the human trader's decision to follow.

While it is optional, it is a good practice, in general, to trade this product during the US Future Market Session when there are higher volume and liquidity.
Trade active
Trade closed manually: Took partially profit by closing trade manually
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