Get started
StrategicTrading

Crude Oil pulls back to major support

Light Crude Oil Futures (NYMEX:CL1!)  
StrategicTrading  
NYMEX:CL1!   Light Crude Oil Futures
Support and Resistance Supply and Demand Head and Shoulders
0
0
supportandresistance supplyanddemand headandshoulders
Crude Oil futures collapsed to a key support level after breaking their RSI Triangle structure.

Looking for a bounce up to the top of the box, where I will flip to a short.

USDCAD seems to be confirming the weakness in Crude Oil, with the Canadian Dollar closing with a Key Reversal Day yesterday. A bounce to the top of the box might offer a compelling selling opportunity.
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.