TTM is no better than breakout from narrow channel..FWIW
Width of channel can be based on ATR.
Browse Stacks: Trading Instruments: Commodities: IMG_9799.PNG
Based on TTM squeeze and momentum (John Carter) good time to short oil now
Oops this is a bitcoin breakout whoops
CL can be such a wily beast - was stopped out of my CL SEPT 47 puts on the bounce at 43 and stopped out my CL SEPT long contracts from 44 at 46. Both profitable but an example or how you can't stay long or short for more than a few days. I don't see a tradeable trend except maybe down longer term - I wouldn't be afraid of selling 50+ OCT calls for instance.