NYMEX:CL1!   Light Crude Oil Futures
$77 seems to be a price point for both bulls and bears on the 30m chart, looking to buy and set TP at roughly that point. Market looks at little over sold to me ahead of the BoC rate announcement and next weeks Fed announcement. There is also an upcoming Opec+ meeting that I'm excepting to push prices back up to the $80 range if even for a short time as they try to stabilize price. Please feel free to comment and share ideas. * for discussion purposes only - trade at your own risk *

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.