CalebDismuke

Oil can't clear resistance.

NYMEX:CL1!   Light Crude Oil Futures
Technically Speaking
Resistance at 52 held. That level has not been cleared since October 2015. It looks likely that oil             will retest the early August low at ~40.00.

What to do?
I think the top of the range has clearly been established at ~52. If we get to 40, we will see if it holds. For now, that is the range I would look to trade 40-52.

Thanks.
Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out