analitykFX

OIL - wait for long positions

NYMEX:CL1!   Light Crude Oil Futures
183 1 4
On daily chart bullish flag has formed.

However if we look at weekly situation it's more like SHS             formation. The last big bearish candle telling us that more drope is comming. The best place to take long postions is 40.00 / 37,50 area. Stop loss 34,92.

snapshot

Comment: new OIL analys here :
OIL - strong weekly reversal signal
Again well done. I can see I can learn from you about S/D zones :)
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