Trading_Wulf
Long

Technical Analysis: CRUDE OIL NEW HIGHS

NYMEX:CL1!   Light Crude Oil Futures
103 3 2
...
Wait, you left sideways out!
Reply
Hi there,

The sideways movement doesn't really matter because the best entry is on the retest of the support or resistance depending if it's a break down or a break up. The price will eventually kick up or down, you just have to wait.
The blue line actually represents a possibility of some consolidation (sideways movement). When consolidating more people will see that we made a new high and will jump in the train.

Thank you for the feedback.
Reply
This really sorts things out for me. We could go up or down, or down then up or up then down. Finally, some clarity!
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out