Typically, day trade ideas are posted in the trading room while the front page posts are limited to swing trading ideas. However, as I posted the 60-minute chart of /CL with some levels to actively trade off of earlier today before the market opened, I figured that I would follow up with that post as /CL has already hit the downside target laid out in the scenario on that chart (1st chart below). As such, this would be an objective level to cover a /CL, USO or DWT short and reverse (or initiate) to a long position (/CL, USO or DWT) for a potential bounce trade off of or just above that 58.79 target/support level with a stop somewhat below.
CL 60m Sept 17th
CL 60m 2 Sept 17th