Browse Stacks: Patterns: slopechart_/CL.jpg

slopechart_/CL.jpg

CL has been in a tight channel for near eight weeks. IV percentile is 1%. If you are familiar with the TTM Squeeze indicator, it has been red for weeks. All to say, crude is coiling for a breakout.

Image added via SlopeCharts
slopechart_/CL.jpg

Comments

RNeoRNeo
Do you have any specific targets for CL? 8/13/20
BishopofBattleBishopofBattle
What is your trigger? 8/13/20
SinglemaltSinglemalt
@BishopofBattle (there's no reply button on your post) 
Trigger for???? 
I share Rev's bullish sentiment that the crude oil/energy complex. I'm looking at the Oct 20 calls on CLV20. I'm also long ETF shares and calls. The IV on CL is on the floor making the calls very cheap and the break evens close to the strike.
8/13/20
SinglemaltSinglemalt
@BishopofBattle  
Aha! SocialTrade replies must be done in the stacks. So too for edits. My unfortunate typo will be with us for a while. 8/13/20
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