Amid the latest news, the market continues to face pressure, and buyers clearly lack the strength to hold key levels. For $CL , a great short position is shaping up, as trend support is under threat and the likelihood of a downside breakout is very high.
I’m considering entering a short in the $88–$90 range.
I’m setting take-profit targets at $86, $84, $82, and $80.
I’m placing the stop-loss at $94 to protect the position.
For now, it looks like sellers have taken the initiative. Most importantly, manage your risk and don’t use excessive leverage.
$CL
I’m considering entering a short in the $88–$90 range.
I’m setting take-profit targets at $86, $84, $82, and $80.
I’m placing the stop-loss at $94 to protect the position.
For now, it looks like sellers have taken the initiative. Most importantly, manage your risk and don’t use excessive leverage.
$CL