JulianVillamizar

Waiting for the break of support or resistance to enter Oil

NYMEX:CL1!   Light Crude Oil Futures
With a doji and near the day of thanksgiving candle, oil             remains in indecision. Investors expect the weekly crude inventories variation to define a trend.

After the fall of previous weeks , the price had a slight technical rebound as it leaves the new level of USD42.50 as resistance .

The trend and bearish sentiment has not changed, but the upside breakout of USD42.50 could give room to rise to USD46 . Otherwise, break down the USD40 could bring the price to USD36 per barrel.

If the USD42.50 resistance breaks, you enter long to USD45.70 with stop loss at USD41.80. The break of USD40 to enter short with target USD37.40 and stop loss USD40.70.
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