ACTIV8X

Crude Oil: Blueprints 3.

NYMEX:CL1!   Light Crude Oil Futures
Crude Oil             was flirting with the 42.55 dollars level on Friday, but failed to breakout that level. The trend remains bearish as Oil             was not able to breakout 42.55.

An opening in a bearish gap will send it south to seek 40.26, should it breakout 41.37.

An opening in a bullish gap will send it re-visiting the 42.55 level, which breaking out will send it towards 43.66, with 43.45 as an objective.

The daily Pivot Point is around 42.01. The daily support levels are around 41.26 and 40.62. The daily resistance levels are around 42.65 and 43.4.
My view:
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Are you going to sell around your bullish target and take the fall or you are already riding the bulls' train?
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KVE ACTIV8X
I'm long for now but just until my target, will probably short it if we get to the trendline.
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Crude oil has broken support of 40.62, what will be next support? I guess 40.05.
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Thanks.
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