Kendrick_Chan

Crude Oil July Contract - mini reversed cup and handle

Short
Kendrick_Chan Updated   
NYMEX:CLN2020   Crude Oil Futures (Jul 2020)
  • cup and handle is a low risk high reward pattern
  • see if the contract could drop to $12 if support is broken
  • but beware if too volatile, stop loss may not proctect!
Comment:
This contract never closed above EMA20 scine the selloff indicate it is very bearish.
Not the time to buy cheap yet.
Order cancelled:
Lucky the trade was not triggered. CL has turned to bullish.
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