Trading_Wulf
Long

Technical Analysis: CRUDE OIL NEW HIGHS

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
103 3 2
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tbuckle PRO
4 months ago
This really sorts things out for me. We could go up or down, or down then up or up then down. Finally, some clarity!
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tbuckle PRO
4 months ago
Wait, you left sideways out!
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Trading_Wulf tbuckle
4 months ago
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.
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