informedtrades
Long

Oil at Trendline Going Back 15 Years

NYMEX:CL1!   Light Crude Oil Futures
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In addition to a trendline going back to 1998, oil is also at a support level on the weekly chart that was established in 2007 and confirmed again in 2009. It might be time to buy a tranche to go long, with capital still saved for a fall to $30.

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