NYMEX:CL1!   Light Crude Oil Futures
92 0 3
My Market projection from 15 days ago has been correct thus far.

(See here: https://www.tradingview.com/chart/CL1!/9Aogwv9U-Crude-Oil-Long/)

We have had a great rally from the zone between the 38.2 and 50 Fib Retracement of the larger leg and a nice bounce off the 161.8 Fib Extension of the most recent leg down. My concern now is that we are approaching the overbought zone as indicated by the RSI below, BUT if the market can close above $46.75 I believe we will see this rally continue a bit further until its next pullback. If we do not close above that mark, I am projecting the market to pullback to the $45-$43 zone before continuing its uptrend. Let me know know your thoughts.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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 Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out