Get started
DiligentTrading

OIL, AWATING CONFIRMATION FOR LONG OR SHORT

Light Crude Oil Futures (NYMEX:CL1!)  
DiligentTrading Updated   
NYMEX:CL1!   Light Crude Oil Futures
6
1
Price is currently at our monthly resistance area, if price breaks resistance our upside target could be the 47.78 area. If price is rejected by resistance our target could be the 40.28 area. On the weekly and monthly timeframes we are on a downtrend so this could be a retracement ready for a move to the downside. We will await confirmation on the markets movements
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.