$OIL - Old Support Becomes New Resistance

NYMEX:CL1!   Light Crude Oil Futures
1406 3 14
... so - this is a continuation chart. Bottom of the January contract was $26.19 /via #CME/. Has $OIL ‘definitely’ bottomed ? ... - #IDTS. But - I am a speculator - not a scientist ... current direction - NORTH.

Trade active: ...
Trade closed manually: ...
Could be. At least you are not bullish as the 90% of the peeps on tradingview
+1 Reply
Well to be fair. most bullish setups here were on a smaller timeframe, and they were mostly right (we saw what they predicted). this is a much bigger overall view. further he says himself too that the current direction is north. he just points out good zones from which we can see a continuation to the downside.

anyway. great chart.
+1 Reply
hehe SergeantPringles
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