Bullish CL Crude Oil Swing Trade
In January of this year, a clear and well-respected swing zone began to form. The bottom of this zone held very strong support yesterday and today, and broke clean through the top of the zone today. I see a good entry in a potentially very high upside trade. There is a resistance zone from ~$70.80-71.80, so my soft target is right below that zone. However, I am not setting a limit order and will wait a day or two as we approach and react to that zone. I want to allow this trade to run and hopefully see new yearly highs.
Reversal daily candle in the resistance zone will be a signal to sell. RSI entering overbought will be one signal to sell.
Entry: $67.59
Stop (break of strong support zone): $65.30
Target (before next zone): $70.49
Reversal daily candle in the resistance zone will be a signal to sell. RSI entering overbought will be one signal to sell.
Entry: $67.59
Stop (break of strong support zone): $65.30
Target (before next zone): $70.49
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.