NYMEX:CL1!   Light Crude Oil Futures
167 0 2
Do not open new shorts at $31. Oil             is in a reliable down channel and at $31 is sitting on support. Last best short was at resistance at $38. Now the likelihood is for a counter move unless all hell breaks loose for some geopolitical reason and it plunges. Does oil             make the same up/down pattern as it has seven times so far since $50? I don't know, but such movement would take it to $26-ish in Feb. Or it gets up through the resistance and that then becomes support? Time will tell .. But don't open new shorts at $31.

S&P 500             poised for a bounce and oil             won't go down this time if the stock market is bouncing.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out