pabra_cadabra

A potential long scenario for CL/ USO

Long
NYMEX:CL1!   Light Crude Oil Futures
CL took out the 66.1 low, got a nice reaction and made a market structure change on the Daily.
If the Weekly can close back above the previous year low at 70$, I think its got potential for some nice upside.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.