alleytrader

cl, oil, trading Nov 1st

FX:USOIL   CFDs on Crude Oil (WTI)
Oil is having a strong up move taking us to a higher distribution and if we remain above the Red zone top I think we could get to 55.30.
In the event we move back inside the red zone very likely chop.
Move below red bottom only think we get to first lower blue target.

Trade I like is a test of Red top for a long!

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