Get started
ilovewml

Light Crude broke downtrend!

Long
Light Crude Oil Futures (NYMEX:CL1!)  
ilovewml Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis
1
0
trendanalysis
Since Oct 4, bearish trend line has been formed, until 3-Dec gap up to break the trend line.
Trading plan:
Long at 54.00 (limit order), CL 52.75, FIrst profit target 55.75, second profit target 57.00
Comment:
If reach 55.00 level, may consider set trailing stop at 54.50 to safeguard some profit
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.