Oil can't escape gravity Short

NYMEX:CL1!1D

Crude Oil FuturesNYMEX

Description

⋅ Apr 13, 2017 2:02 AM

Looks like a nice retest of trend line resistance and a short squeeze

Major demand zone around $43

Comment

⋅ Apr 13, 2017 2:08 AM

43 days until OPEC meeting

Comments

sherrytradingview

⋅ Apr 18, 2017 4:12 AM

Thanks! Would you possible show the weekly and monthly charts?

CaptainKirk

⋅ Apr 20, 2017 2:03 AM

@sherrytradingview, tradingview.com/chart/fGg5eBxW/

sherrytradingview

⋅ Apr 13, 2017 6:45 PM

Hi Master,
Why 1-5 counts, not abc? Thanks!

CaptainKirk

⋅ Apr 16, 2017 1:25 PM

@sherrytradingview, there can be 1,2,3,4,5 down and the abc correction up. I believe Oil is still in the down trend when looking at a weekly and monthly chart