Buying The Dips in Crude Oil CL1!
Crude Oil is the market to watch right now as everyone has turned complacent with inflation slowing. If CL starts to rally that can change the inflation story very quickly and potentially get a lot of trader off guard. Fundamentally CL has a lot of reasons to rally according to many of the Macro Traders I follow. Technically CL also has a bullish look as it has started to firm up above it's Auto-Anchored VWAP for the year, above the VWAP's from the recent swing high and lows and above my key neutral area on my Beacon Indicator. In this video I lay out how I will be playing CL in the coming days/weeks. Cheers, DELI
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