quintalytics

CL Major/Minor Support and Resistance Zones

NYMEX:CL1!   Light Crude Oil Futures
I see Crude Oil             having MINOR SUPPORT between 40.21/36.04, RESISTANCE between 51.28/47.95
MAJOR SUPPORT is between 26.64/2.95, with major RESISTANCE between 62.47/59.14.
Comment: Crude Oil still holding at RESISTANCE level 51.28.
So fist support is at 40.21 even though we most recently found support at 42.7 and started this rally. So you think if we don't go higher we go down to 40.21. What exactly do you smoke?
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