RationalTrader
Long

Prince building momentum to go higher

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
98 1 4
Price is currently building momentum to go higher. Current price has lot of resistance at 48,5 - and lower channel wedge line below. Wedge itself has not finished it's constructing, and oil             is in a demanding season fundamentally. Market is adopting faster than anticipated to adapt to lower supply as well, supporting stronger price.
NYNick
5 months ago
agree, waiting to go higher on FED's
Reply
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