Crude Oil breaks and follows projection

13 gen

After the long consolidation time, CL finally broke the Trend-Barrier (TB) and is now on the move to the upside.

It's not stupid to aim for the 1/4 line as PTG1.
But for sure I would only close a portion of the position, since the upside potential is far higher.

And if you don't know how much to bank, just go with 50% of your investment. If it's going higher, you're still participating from the move.
If it goes sour, you have already banked 50%.

Just create a plan and follow it.

20 gen

Nota

Expecting a PB to $73 in CL.
A level to enter if not long already, or to add again if some contracts are realized in profits last week.

21 gen

Nota

Pullback in play.

26 gen

Nota

Crude is following the Medianlines trading framework.
Nothing to do here, but prepare for an add or to enter long if not already.

28 gen

Nota

Near the support - time to focus.