BengalTigger

CL - Widowmaker on smaller time frames

NYMEX:CL1!   Light Crude Oil Futures
Price is compressing and a break is likely. My bias is to the long side ( above 51.5). 55.xx is attainable on a break of 54.23 and 58 on continued momentum thereafter. Not for the fainthearted given the chart ion smaller time frames in the last 2 weeks.

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