aslamhammad
Long

Crude Oil WTI Quarter view

NYMEX:CL1!   Light Crude Oil Futures
626 0 7
Well i'm expecting price to break above 62$ (which is 200day moving average area)....If price closes above it should rise upto 70$ by August-September. If price fails to close above it, than we can expect consolidation in the daily chart back to 55$ a barrel. So, you'll need to either wait to buy it at 55$ or you can buy it with a pending around 62$. You'll have to use low leverage for this pair....Also some brokers have rollover expiration of this pair....So, i would recommend a buy above 62$ level :), as i think we'll have a good support above that price :).
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
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