NYMEX:CL1!   Light Crude Oil Futures
CL is in down channel and its a nice small opportunity to take few ticks on the way down to 53.00 area where it Will test that area again. High volume was traded in that area thats why we can expect to bounce to the upside again, of course with confirmation.
Oct 22
Comment: yep.we got Quite strong 30min bullish candle.expect to re-test 53.40ish area, switching to a 5min or 3min Timeframe for Long entry.lets wait and see
Oct 22
Comment: 30min bullish candle closed, now waiting if we can get any pullback to 53,43 area.
Oct 22
Comment: no pullback yet. waiting
Oct 22
Order cancelled: we didnt get any pullback so it was a BE trade unless you managed to grab something up to 10t. To the upside we really got strong move after that 30min reversal candle and no pullback.
till next time
id suggest to lock in some be+1 or more as it Quite struggles to go lower. i assume you had an entry around 53,40.super move would be down to 53,00 but as it really struggles we can be also prepared to go Long on some decent momentum up.
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