NYMEX:CL1!   Light Crude Oil Futures
If there is anything that many years of trading has taught us, it's to STUDY charts (1,000's of them) and understand when and why to trade. Look at the post of CL             prior to this. . The larger time frames show you where the big boys play and the smaller time frames will help you enter the trade. Then study this chart. Ask yourself...where has price come from and where could she go. And most importantly why? Then, based on your setups, where is your best R/R trade. Drill down in time frames to find an entry and manage the risk. We have no position in CL             .
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