farmtrader15

Crude Oil Long Ideas

Long
farmtrader15 Updated   
NYMEX:CL1!   Light Crude Oil Futures
Big moves in all markets today and CPI announcement tomorrow. I think we should be looking for trades.

The chart shows points on interests for me. Good luck.
Comment:
I am going to do a small trade at the nearby GP with a tight stop under the green box. I think we could see a decent relief bounce, but ultimately head to the next target lower for a larger move higher.
Comment:
nice play!

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