NYMEX:CL1!   Light Crude Oil Futures
Crude Oil break out support line of the uptrend channel . We touch support zone .
After oil drop price start to recover.
I see 3 resistance level for oil .
1. 55.8$ - 38.2% level fibonacci
2. 59.94$ - 50% level fibonacci
3 64 - 61.8$ level fibonacci also resistance line

But global It look like impulse-correction-impulse
Hi Sir, what a great chart! I am really baffled on your explainations
There is a visible inverse H&S pattern on OIL H4 chart so yes! it's highly possible that we will see a rise till 61.8 Fibo.

What about gold in the short term?
Awesome technical analysis. Thanks.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out