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Light Crude Oil Futures
Long

CL1! Crude Oil Direction-11-Oct-2023

By TheDemonTrader
Updated
Price broke the downward trendline (red line) and the bearish market structure. Now it is forming a bullish continuation pennant. It's possible the price will make a bearish fake out before reversing up. Let's wait for the confirmation on which direction of trades we should take.
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The gap is filled.
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Doji candlestick formed at Support area 83.00. Easily 200 ticks of profit for long trade from 83.00 to 84.00.
Crude Oil Futures WTI (CL1!)Crude OilPennantSupport and ResistanceTrend Lines

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