futuristic13

Three Possible Levels of Support - Fundamentals in Control

NYMEX:CL1!   Light Crude Oil Futures
In my opinion:

Three possible levels of support, although fundamentals are clearly in control of CL1!, although this will most likely retrace a bit; the move from 62.00 to 63.80 was on lower-than-usual volume, so best guess is that we could see some precipitous drops around those levels. But the fundamentals are in control and will write the path of technicals in the long-term.
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