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CL Technical analysis 5th March 8 AM EST, page-2

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Fibtrader

215 Posts.

32

06/03/18

00:19

Post #: 31543966
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Originally posted by Fibtrader ↑

On the 15 min chart CL is currently trading Extension longs at the 50% retracement 61.26 s with a -23% trgt at the 62.30s Nice how the algos are defending the 61.8% level @ 61.09

The ancors I am using are the 60.55s to the current highs of 61.97

If CL breaks the 61.8% at 61.09 ( I dont think it will) we have established Resistance at the 5th all the way half way back pullback at the 62.22s

https://www.screencast.com/t/VTHSpZ7a72pi

On the hourly CL is climbing up into its 5th all the way half way back short at the 62.22s with a trgt at the 59.26
https://www.screencast.com/t/lPZAQmyL

I'm currently Long CL at the 61.22 with a final target at the 62.19

I will front run the 50% by 3 pips.

Trade safely

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1st target off after 6 pips @ 61.28
Trailing 1 runner

Holdem if you got em!
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