CL1! - Two possible scenarios for bull breakout.
First chart, thoughts on CL1!
Long term
Crude Oil is showing reversed H&S formation, furthermore CL1! [short term] is in two wedges.Seems like a matter of time before the bull breakout will occur.
Short term
My prediction is that we will break the smaller wedge and fall to approximately ~57,68. The 4h (and up) chart is indicating the bears took over the market, and seemingly will continue to do so. I am currently short from 60,4
NOTE: This chart shows my perspective on the possible scenarios on oil. These are merely ideas provided for public opinions/discussions. Trade cautiously.
Regards,
GM
Long term
Crude Oil is showing reversed H&S formation, furthermore CL1! [short term] is in two wedges.Seems like a matter of time before the bull breakout will occur.
Short term
My prediction is that we will break the smaller wedge and fall to approximately ~57,68. The 4h (and up) chart is indicating the bears took over the market, and seemingly will continue to do so. I am currently short from 60,4
NOTE: This chart shows my perspective on the possible scenarios on oil. These are merely ideas provided for public opinions/discussions. Trade cautiously.
Regards,
GM
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.