mljones

Bullish Bias Now That Have Tagged 56

Long
NYMEX:CL1!   Light Crude Oil Futures
The sketch I posted on the 20th actually has played out pretty well without needing adjustments.

According to the sketch the idea is after tagging the center region of the old triangle at 56 that it would head back north and fill in the volume profile on the range it swept out on the earlier sunday.

Expecting some range compression at the POC region at 56 then range expansion upward over the next week.

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