Light Crude Oil Futures
Long
Updated

cl1! - Crude Oil - Coffee ready

192
Cup & Handle, ready & served.

Nice Risk Reward.

The only concern is the MACD, which points still to the downside. But hey, nothing is perfect.

And because of the great RiskReward, I'm in.
Note
This looks even better on a 240min. Chart.
The last Candle closed above the handles high, so this is a great sign to me.

snapshot
Trade closed manually
And closed for a tiny profit, since it doesn't seem to hold.

Looking for a potential new entry.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.