2020 2021 WTI Crude Oil (CME NYMEX: CL Futures) Trading Strategy Today : Target 66.43 (+17.16%)
Trade : BUY the Dip
Entry : 56.7
Target : 66.43 (9.73, +17.16 %)
Stop : 54.06 (2.64, -4.66 %)
Date : Jan 9 (Thu) 17:23 (EST)
Note : The crude oil markets are in rough storms. However I am optimistic about. Eventually, crude oil prices are expected to rise higher than their high level last October. If they fall to the level of 56.5, it will be a good opportunity to buy. The 55.0 seems to be a very strong support line. From a long-term perspective, oil prices are likely to continue to rise.