NYMEX:CL1!   Light Crude Oil Futures
231 6 8
Price action points up imo             . Current channel top would be around 46 which also would be a bigger resistance.
good luck. we will see in the next hours or maybe days.
How you could come up with the idea that it was going to 46 is very astonishing to me. It was ver obvious from looking at the chart that it had to go lower before it can go higher. While it reversed towards the end of Friday, it did not make/break through the resistance area. Then last night it went well below any bullish/healthy point.
i thought there was a reversal..bullish engufling outside candle.. and a bullish flag. on 5h it shows a pinbar and a flag. and it did reach lower channel boundary. well today then :D
tbuckle smalltimetrader
Great info to include in your comments when posting a chart IMO. Thanks. So you think 46 is still in play?
are you reading your chart upside down? lol
well, looks like it didn't work out and it broke lower
What about price action is pointing up?
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