NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
84 2 3
Well, the pullback was short ! The large green candle of today is nice as it overcomes the 20 DMA (blue line).
Next resistances are the 50 DMA (red line) and the 23.6% Fib.

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tbuckle PRO
3 months ago
do you think we will have a significant pull back tonight?
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Bakou tbuckle
3 months ago
Hi tbuckle,
A main event tonight is the Chinese Industrial Production (YoY) at 2:00 gmt.
We may have volatility there.
To which extent and direction, honestly I don't know. Expected figure is 6.1%

However, these posts are about TA and not fundamentals.

Best regards
Reply
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