coondawg71
Long

Crude Oil bouncing off short term support, caught in a Wedge

NYMEX:CL1!   Light Crude Oil Futures
55 0 2
Even though price is bouncing off short term support of 92.00 handle and a Long Term trend line the overall trend remains bearish as late as this past June 25. Short term price could appreciate to the 0.239 Fib Extension level of 96.17. A break of price panel trend line breakout of the wedge and/or breakout of Awesome Oscillator wedge will provide further guidance in the weeks to come.

((Make It Mine, change price bars to Renko, trend lines are based on Renko trend changes))
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out