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czaccarelli1

OIL ELLIOTT WAVE SETUP

Light Crude Oil Futures (NYMEX:CL1!)  
czaccarelli1 Updated   
NYMEX:CL1!   Light Crude Oil Futures
Elliott Wave Support and Resistance Trend Lines Oil oiltrading Bearish Patterns Bullish Patterns short LONG
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elliottwaves supportandresistance trendline oil oiltrading bearish bullish short long
CL showing potential Elliott wave setup, look to buy in 44-47 range, long to low 50s, correction to 48-49, and then fly at least to 54 if not higher.
Comment:
In long small position @ 46.88 hammer on hourly chart looking for quick scalp
Comment:
Exit scalp @ 47.55, next position will be reversal point
Comment:
In @ 45, tp 49, will buy more if comes down to 44, sl 42
Comment:
Another entry at 43.95 avg 44.47 let's ride
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