CLZ2018 just hit the 61.80% retracement point on its recent bull swing and found some support seemingly. Continuation players are taking this opportunity to add on to their long holdings. The Schiff set's Median Line is met here as well. A healthy pullback in a major bull trend that may lead to 127.20% extension. Short risk in oil is the preferred choice as long as the major higher lows and higher highs are intact. Trade with care!
Trade active
Long 70.90 stop 70.41 $500 risk per contractNote
Partial 1.6R profit +80 ticksTrade closed: stop reached
Remaining half of the position closed with -1R, overall balance is 0.6R profitNote
0.3R profit*
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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.