Patience paid in the Oil trade we highlighted Monday Evening
|1 hour CL|
We stated friday when the price of CL was between 104 and 102:
Currently the price is in between the 102 and 104 level at 103.10.. simple trade strategy here.. a trade over 104 could mean 105 .. trade below 102 will mean a test of 101.10 -101. if you can remain patient till one of these two scenarios play out.. your patience could be rewarded.
If you waited for 104’s to trade and hold you were reward with 105.07 shortly after. Above is the chart updated from yesterday.