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bbrijesh

Crudeoil - Long Bet

Long
Light Crude Oil Futures (NYMEX:CL1!)  
bbrijesh Updated   
NYMEX:CL1!   Light Crude Oil Futures
crude wticrudeoil WTI Parallel Channel Trend Lines linechart Crude Oil
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crude wticrudeoil wti parallelchannel trendline linechart crudeoil
CL1! has been trading in rising channel pattern. The prices have tested the lower band and moving northwards. The minor hurdle (black dashed line) at $46.50 if cleared by Bulls (on closing), we might head towards $54-58.
Trade active:
Moving as expected

snapshot
Trade active:
Moving as expected...Thanks OPEC ;)
Comment:
Should book part profits as its approaching resistance (CMP-$54)
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