NYMEX:CL1!   Light Crude Oil Futures
117 0 3
Oil             has formed a lower high and lower low which indicates further downside with $41.00 as the next target. However, any upside will find resistance at yesterday’s high of $45.04.
Comment: Oil adjusted its previous declines to close at $44.18, up $0.67. Oil is expected to test resistance at the 50-DMA; where a break above is needed to refresh upward momentum.
Comment: I closed my one position at 47.45. I will go long again at 45.25

Related Ideas

United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out