WTI Crude Oil, CME NYMEX: CL Futures Swing Trading Strategy Today, Target: 57.95 (+9.59%)
Trade : BUY
Entry : 52.88
Target : 57.95 (5.07, +9.59 %)
Stop : 50.98 (1.9, -3.59 %)
Date : Oct 4 (Fri) 04:12 (EST)
Note : Crude oil prices dropped one day after another. The movement was very abnormal and artificial. For WTI crude oil futures, $ 51.0 is a strong support line, and prices have rebounded strongly from that line. I think it's okay to buy WTI in the short term. The key price to determine the future direction is $ 56.60.