Oil Setup - Mid Term

NYMEX:CL1!   Light Crude Oil Futures
Failed descending triangle . Not chasing this up move as Oil             looks oversold on the 5/15/60/120 minute chart. Will long when blue line is re-tested ideally $46-46.50. Min target $52. Cut loss $45.

Technically Oil             is still bullish as long as price is above the bottom green line.
Order cancelled: WTI Crude did not pull back to $46 - $46.50 as expected.

Trade did not go live.

Instead, I went short at the $51- $51.80 level on Oct 19.
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