Dec. 8 at 10:35 PM
$CL Actionable Trade Alert:
Market Context:
$CL is currently trading at
$76.43, below both the 30-day MA of
$78.23 and the 50-day MA of
$78.34, indicating a bearish trend. The RSI at 39.83 suggests the asset is nearing oversold territory, which may signal a potential reversal.
Directional Bias: Given the RSI and the proximity to the 60-day low of
$74.55, we anticipate a short-term bullish correction towards the 60-day high of
$83.74.
Suggested Entry: Buy at
$76.50.
Stop Loss: Set at
$74.00 to limit downside risk.
Take Profit Targets:
1. Target 1:
$78.00 (2% ROI)
2. Target 2:
$80.00 (4% ROI)
3. Target 3:
$89.50 (17% ROI)
This trade plan offers a clear pathway to capitalize on a potential rebound while managing risk effectively. Monitor the RSI for further confirmation of upward momentum.
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