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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