Crude Oil breaks and follows projection

13 בינו׳

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 בינו׳

הערה

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 בינו׳

הערה

Pullback in play.

26 בינו׳

הערה

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

28 בינו׳

הערה

Near the support - time to focus.