dionvuletich
Short

Crude Oils Short Trade

NYMEX:CL1!   Light Crude Oil Futures
860 3 10
Crude Oil             Short Trade

Daily candle closing as pin bar , orders set to short on break of low, first target 57.34-39, second target reciprocal AB=CD (purple) at 49.82

Planning to move SL to breakeven once T1 is hit as they are major long term horizontal S/R levels going back years
Longer term bullish on Oil             , but would like to fade the retracement and look to reenter long a bit lower
Amazing! Hoping you TP at $50.70
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I missed shorting @ 59 last week and never got into down trade. Are you going long now at 50.70? If yes what r 1st & 2nd targets and stop loss?
Thanks
Reply
dionvuletich CoolCreekCTA
I was looking for 49.82 the reciprocal AB=CD + and fib retracement cluster, there is a clearer setup on Brent that I also posted, both have support levels below
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