CL1!
continues to look bullish today. There might be a small pull back before the price resumes it journey towards 80. The plan is to wait for price action to confirm the direction clearly and look for buying opportunities around 78.70 area. Alternatively if there is no pullback in the morning session, wait for the price to break R1 or the 200 MA before buying.
Disclaimer:
This analysis is part of my personal trading journal. It should not be considered as financial advice or a recommendation to trade any specific strategy.
Trade active:
Trade 1:
Bought 78.96
Bought 78.96
Trade closed: stop reached:
Trade 1 stopped out with 31 cents.
Trade active:
Trade 2- Entered long at 79.16
Trade closed manually:
Trade 2 closed with just 20 pips
Trade active:
Trade 3 - bought 79.40
Trade closed manually:
Trade 3 Closed with 21 pips profit. Total $0.72 in 3 trades.