CL1!, Crude Oil: Rectangle Pattern
CL1!Crude Oil is one of the commodities of great interest for traders.
The patterns that occur have from the statistical side an optimal percentage of realization, if well managed positioning the Stop Loss in a point advantageous for the Risk Reward.
Now there is a compression phase in which the price rebounds in a classic rectangle.
We trade futures, and when breakouts occur on the supports/resistances in the continuation chart we operate with the futures expiring first.
If, on the other hand, we find patterns on the single futures with another expiry we decide to operate with that one.
Good Trading to All!
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