WTI recovery on 2nd of May
Over reaction and over sold on the 1st of May. 
CL1! could recover some lost ground tomorrow. Plan is to buy above 79.40.
CL1! could recover some lost ground tomorrow. Plan is to buy above 79.40. Trade active
Trade closed manually
Closed at break even after what appeared to a break out during UK morning session. There is still a potential consolidation at current levels. The indicators suggest a possible correction or reversal in the short term. 79 still a strong support. Will wait for Asia to chose direction overnight before taking another swing position.
Note
Waiting for the price to break out of the the descending channel for the next trade.
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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.