$CL1! 13 May 2024 - Looking good for a long scalp
$CL1 is looking set for an intra-day long.
The recent sharp drop below both key moving averages and subsequent movement indicate strong bearish pressure. But it has found short term support and is appearing to be reversing.
Disclaimer:
This analysis is part of my personal trading journal. It should not be considered as financial advice or a recommendation to trade any specific strategy.
The recent sharp drop below both key moving averages and subsequent movement indicate strong bearish pressure. But it has found short term support and is appearing to be reversing.
Disclaimer:
This analysis is part of my personal trading journal. It should not be considered as financial advice or a recommendation to trade any specific strategy.
Trade active:
Long from 78.10
Trade closed manually:
Closed Trade 1 at 78.55
Comment:
I regret not taking the second trade today from 78.80 to 79.40. But the the price moved in line with what I anticipated.
Trade closed: target reached