WeeklyTrader

This Ugly Closed Up with a Gap

Long
NYMEX:CL1!   Light Crude Oil Futures
4
We saw the TBL3 resist was broken finally, even though there was a long tail on the upside.
SO I GUESS price will come down first today, hit the gap around 43.8, and may back up ...
As for the Target, I think TBL@ 45.3 and 46 can both be target ! And 47 is possible, though I like bear.
With this move, Weekly TBL will just close a little higher above last week, which will make short more easily next week or next next week.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.