June Crude has tripped a moderately appealing ‘mechanical’ buy signal, but we’ll use it to get our bearings rather than try for a quick score. Pullbacks to the green line from the secondary Hidden Pivot (p2=63.66) are riskier to buy ‘mechanically’, at least for a move back to the target, but the set-up is often good for a one-level ride, in this case from 57.67 to 60.66. It’s too late to jump aboard, since the futures are already trading above x=57.67. Still, I’ll suggest observing what happens next to familiarize yourselves with the trade and the opportunity big retracements can create..04
$CLM25 – June Crude (Last:58.29)
