Crude Oil Update: Going long.
Just an update on my post from yesterday. I am planning on taking a long in the green box. This is a bit riskier trade than I normally like to take, but I think it will yield well. Possible add just below entry at 80.5. (this is a key level of a descending parallel channel)
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As you may see I traded this for decent rally, later I then went long again between $76-78. That turned out to be a great trade! Check my channel for my most recent crude oil post from today!