OffTheFloorTrader

Weekly Crude Chart...go or no go?

NYMEX:CL1!   Light Crude Oil Futures
After comments from our Daily chart of Crude we decided to post a weekly chart. Note how Crude has been winding since mid 2011. While the swings can make for good trades be sure to consult a higher time frame chart in order to get a clear picture. Crude has slammed into it's support...will it bounce or keep sliding.

We will start watching lower time frames for hints and low risk setups. Stay tuned.

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