Nov. 21 at 2:23 AM
$CL: The last close at
$78.86 indicates a bullish sentiment as it is above the 30-day moving average (MA30) of
$77.98 and close to the 50-day moving average (MA50) of
$78.78. The RSI at 57.85 suggests that the asset is neither overbought nor oversold, indicating potential for further upside. The current price is also within the 60-day high of
$85.76 and low of
$74.55, showing room for growth.
Directional bias is bullish due to the price being above key moving averages and the RSI indicating strength.
Suggested entry:
$79.00.
Stop:
$77.50 (below the MA30).
Targets:
$82.00 (near the midpoint of the high-low range) and
$85.00 (approaching the 60D high).
This plan leverages current momentum while managing risk effectively.
https://privateprofiteers.com
