No confidence in longs for Crude OilCrude Oil Futures (May 2026)NYMEX_DL:CLK2026PrinciplesofmathprobThe market is clearly within an ascending channel, but the risk-reward ratio is only 2:1 for the most obvious stop loss. To get a better ratio, you’d have to tighten it, but that leaves you with less protection. Not only that, but it didn't hit the bearish target and instead bounced early off the lower channel line. That’s not ideal; you want to see that target completed. Plus, the move down to the lower parallel was very aggressive, 10 handles in 4 hours. I’m passing on this setup. I could be wrong, of course, but I think there’s a good chance it still goes back to finish that bearish target