Crude Oil - Bouncing where it's highly expected
Updated
The Crude train to the south stopped exactly at the monthly Centerline.
I think this could pave the way for good opportunities to the upside.
Stalking a potential trade in here.
I think this could pave the way for good opportunities to the upside.
Stalking a potential trade in here.
Note
So, the bounce was real.The breakout of the U-ML tells us something: CL is ready to go North. But often after the breakout of the Upper-Medianline-Parallel, price will test/re-test it. And then from there, the Sky is the limit §8-)
I see two potentials for a Long position:
- a BullPutSpread, in case price starts running
- waiting for a bounce at the U-MLH
However I will play this, I'l play it small in these unreal markets.
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