NYMEX:CL1!   Light Crude Oil Futures
257 6 4
Light Crude Oil Futures             close a gap below 42.17 yesterday ...
Today will be interesting and tomorrow maybe return to 40.
Thank you.
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why will price go to 40.29?
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it's between 0.618 and 0.5 retracement...and for keeping a up-trend, we can see the 0.5fib retracement(39.71$) as a two-line break bottom line. Once this level was daily closed below, chances are that the USOL may tank... IMO

So it's a destination for the price in high probility, pardon my poor English for it's my second language.
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can you please explain your reasoning for he red box at 42.17 and the yellow box at 36.26 and why you think it will go to 40.29?
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Maybe incorrect, 2nd day's open price is just below last day's close price, I call it a gap down...IMO
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we can see some interesting phenomenons in futures' charts... There are many meaningful gaps which could be used for forcasting ... However, all in all, it's sitll a probabilty sign, not a confirm sign.
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