$CL1! / #OIL | 1H Trade Setup Update 🟢 Long Position: - Entry: 67.92 (0.65 Fibonacci Level)

$CL1! / #OIL | 1H Trade Setup Update

🟢 Long Position:
- Entry: 67.92 (0.65 Fibonacci Level)
- Stop Loss: 67.54
- Take Profit: 70.12

● Current Status: CL1 is trading below the Value Area Low (VAL) and is attempting to break above the 21-period moving average.

● Technical Indicators: Bullish Divergence: Rising momentum and money flow. Stochastic RSI: Currently low, indicating potential for upward movement. MACD: Histogram shows reduced bearish momentum; MACD line remains below the signal line, confirming a bearish trend in the short term. Volume Profile: Low trading volume near the current price suggests limited buying interest.

● Outlook: Despite the bearish indicators, the long position anticipates a move above the 21-period moving average. Be cautious of any sustained break below the entry level, and use the stop loss at 77.48 to manage risk.