TheTradingRoom

Breakout Buy In WTI Crude Oil

Long
NYMEX:CLK2022   Crude Oil Futures (May 2022)
We have a possible breakout scalp brewing in May WTI futures…

Here’s the key level to watch:

May WTI futures Intraday High, 108.75

Playing a retail washout above this level isn’t a bad mid-week trade. A buy from 108.76 should be worth a fast 5-8 ticks on a swift breakout. A tight stop loss of 8 ticks is recommended here.

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