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 $54-58.
B2C- (B2C) is a business or transactions conducted directly between a company and consumers who are the end-users of its products or services. Yes, Isn't that lucrative for end users why because products reach directly to the consumers - no middleman- no obstructions- no resistance & crude travels b2c from 43$ to 52$ with a double bottom- an important lesson from...
Being Major Trend is down crude oil futures is all set to re-trace it's up move.
So one can Short Around 45.70 and Above keeping a Stoploss level @ 46.50 to 46.60
For Target 44.25$ to 43 $
This is a short to medium term Trade
CL1 Falling but keep eye on 46.33 level for Buy...Strong support level to watch 46.33, It can give a buy bounce from that level. Just watchout 46.33 and if broken than a gud downfall waiting.
GET YOUR STOPS EXTREMELY TIGHT...
Its about trailing stops (in accordance with your risk tolerance) on your short position to lock in profits (Someone Misunderstood i feel? )
THIS IS NOT ABOUT CREATING FRESH LONG POSITIONS!!!
