Cl medium-term target $45

The chart structure looks promising. The double bottom scared a lot of traders out of their long positions and got FinTwit into short portions. Yesterday's 10% move squeezed them and if my early-drawn H&S gets confirmed CL is primed for an attack on the $45 level.
A lot of energy stocks are beaten down to their March 2020 levels so these titles will most likely rip higher with the advance of oil.
Chart Patterns

Haftungsausschluss