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TheDemonTrader

CL1! Crude Oil Direction-11-Oct-2023

Long
Light Crude Oil Futures (NYMEX:CL1!)  
TheDemonTrader Updated   
NYMEX:CL1!   Light Crude Oil Futures
Support and Resistance Trend Lines Pennant Crude Oil Futures WTI (CL1!) Crude Oil
2
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supportandresistance trendline pennant cl1! crudeoil
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
Comment:
snapshot
The gap is filled.
Comment:
Comment:
snapshot
Doji candlestick formed at Support area 83.00. Easily 200 ticks of profit for long trade from 83.00 to 84.00.
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