NYMEX:CL1!   Light Crude Oil Futures
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Light Crude Oil Futures             close a gap below 42.17 yesterday ...
Today will be interesting and tomorrow maybe return to 40.
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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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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Thank you.
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