CL1! - Resolved Higher; OTE Short sweet spot on the horizon

On nice momentum and volume, price for crude oil has recently resolved higher. It has previously touched our '1st stop' 38.2 fib target and needed some time to decide if it really was bullish. That decision seems to have been made and a serious test of the Optimal Trade Entry (OTE) short zone (61.8 to 78.6 fibs) ought to be expected. Additionally, that level also represent a key high, so a test of that level seems appropriate.

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