ScottBogatin

Looking for a long trade in oil

NYMEX:CL1!   Light Crude Oil Futures
2.5.24 This video shows how to frame a long trade on oil. This is a setup for a long trade but there are no buyers just yet. In the meantime you get to see some of the tools that I'm using if you're new to my videos. My bias is at the market will move higher but if there's enough movement lower and it looks like the support area is going to be broken then there may actually end up being a good short trade. I don't think this will happen but I have to wait for some more bars... probably on the 4-Hour chart, but we may need to wait for the next training day.
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