CL (Oil Futures) Short Trade Idea 08/17Crude Oil FuturesNYMEX:CL1!MyAlgoIndexSetup •Type: Rejection of 4H/1H supply → continuation lower. •Zone to arm: 62.90–63.30 (overlapping 30m/1H supply + prior shelf). •Triggers (must have both): •15-minute bearish confirmation (lower high + close back below ~62.95 from the zone). •5-minute bearish close in the zone with order-flow tilt (absorption/failure to lift). (No confirmation = no trade.) Entry & Risk •Entry: MOS on the confirming 5m close within 62.90–63.30. •Stop: 63.62 (above 1H supply high/swing). ≈ 0.32–0.72 risk depending on fill. •Size: Calibrate so full-stop loss = ≤ 1R of your plan. Targets (R:R from 63.10 mid-entry, 0.52 stop) •TP1: 61.80 (prior-week low/shelf) → ~2.5R •TP2: 61.10 (1H demand edge) → ~3.8R •TP3: 60.50 (deeper 4H demand) → ~5.0R Management •Scale 1/2 at TP1; trail above last 5m swing after a fresh LL or hold for TP2. •If price tags 63.30–63.50 and closes 15m above 63.50, invalidate the short idea until structure resets. •Avoid fresh risk within ~10–15 min of EIA Wed 10:30 ET; re-arm after the first post-release 15m bar closes.