Five5Alpha

CL101620 Premarket prep

Long
NYMEX:CL1!   Light Crude Oil Futures
Overnight inventory is a 100% short, we are above previous pullback low 40,40, for that reason the situation has not changed yet and bulls are still in control, i would like retest of this zone to look for longs at this level. the other idea is if price can hold above previous high i would like to look for longs until 41,55

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.