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
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
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out