CL seems a good shorting opportunity in earnings as it broke down all MA lines & showing downward momentum.
Moneyflow had huge divergence & broken down to the negative side. We think it will decline to $65 area shortly
CL's earnings in 6 days- October 27th, and on earnings we would consider November $70 Puts ($0.97) , December $70 Puts ($1.39) & January $70 Puts ($1.97)
Moneyflow had huge divergence & broken down to the negative side. We think it will decline to $65 area shortly
CL's earnings in 6 days- October 27th, and on earnings we would consider November $70 Puts ($0.97) , December $70 Puts ($1.39) & January $70 Puts ($1.97)
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Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.