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Poldon288

Daily Breakout in CL

Long
Light Crude Oil Futures (NYMEX:CL1!)  
Poldon288 Updated   
NYMEX:CL1!   Light Crude Oil Futures
2
0
After a breakout of a wedge on 2/21, We went long at 53.45 and expect it to reach 56.50. Stop is set to 50.45, a 1:1 risk/reward.

Entry sits on a strong support and the 25EMA within a general daily bullish trend.
Comment:
Super washout - trade hit stop
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