ACTIV8X

Crude Oil: The Selloff Day 3...

NYMEX:CL1!   Light Crude Oil Futures
525 5 2
Yesterday, Oil             finished another session in the red, erasing all the gains of last week's bullish movement. Oil             is currently leaning on its EMA20, and its 46.29 support level , which breaching will send it south to 44             .4, with 45.63 as a primary objective.

Oil             will have 47.23 as a resistance, which breaking out will send it to 47.63.

The daily Pivot Point is around 47.14. The daily support levels are around 45.85 and 45.15. The daily resistance levels are around 47.85 and 49.13.
Thanks for chart and positive analysis .
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ACTIV8X AMBRISH
You're welcome!! I publish on Oil on a daily basis. I am glad that it was helpful...
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AMBRISH ACTIV8X
I had seen your charts earlier, i will check it daily.
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Thanks for your charts! Very helpful. Are you also on Twitter?
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Really appreciate your daily post! Your knowledge base is very evident. I've been tracking this ETF and your posts for about two weeks now and your technical analysis really seems to be right on point. Thanks again for sharing!
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