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
