CL - It's time to make a decision about the next direction!

Hi guys, we are looking into Crude Oil today! Currently the Black Gold is sitting on a very important cross road, which is it's current support area. As we know on Saturday President Donald Trump will impose tariffs over to it's neighbours Canada and Mexico. As of today Canada and Mexico, are the two countries which supply the most Oil for the U.S. , we would have an expectation that this would be bullish for the prices of Oil, which is the route that I would personally go for. But as we cannot predict the future, I have presented two options here based on the technical situation, so you can choose how to apply the strategy.

Option 1: You are bullish and enter with a purchaisng trade from this level towards the previous resistance area at 79.00
Option 2: You are bearish and expect the support level to be broken and we push for the bottom support area at 67-66 and you can target that price
Option 3: You can put a pending order as a sell at the area of 71.50 , to target the 67,66 price tag, or put a pending order at 73.90 to target the upper resistance level at 79.00

Your stop loss would be optimized around the support area so you can have a balanced protection over your trade. Option 3 would be the most optimized for people who are more conservative, and option 1 would be the most optimized for people who have higher Risk Tolerance.

I am curious to hear out what is your opinion in the comments about this trade?

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!