Caution on CRUDE OIL LONGS
Bearish pressure showing up in the technicals (divergence, TrendCycle) for CL on the 4 hour chart. Caution on additional LONGs until a close above 51.60.
Trailing STOP LOSS for LONGS entered back at the 45.50 level is currently at 49.83.
A pullback could go to 50% retracement level at 48.26, or 78.6% retracement level at 46.30.
"Look, man. I only need to know one thing: where they are." - Pvt. Vasquez, "Aliens"
Trailing STOP LOSS for LONGS entered back at the 45.50 level is currently at 49.83.
A pullback could go to 50% retracement level at 48.26, or 78.6% retracement level at 46.30.
"Look, man. I only need to know one thing: where they are." - Pvt. Vasquez, "Aliens"
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Related publications
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.