NYMEX:CL1!   Light Crude Oil Futures
92 3 4
If it breaks then retraces I'm gonna short.
From what I've learn, a support or resistance must be tested at least 3 times to be good, like in your sketch where 54.20$ is a good support/resistance.
Reply
While this can be true new levels can be identified slightly earlier it's just a little harder. It's as much about it being a level as the market viewing it as a 'turning point' it is hitting the previous low. I believe the potential rise won't be by very much with my target at '46.84'
Reply
andberg PRO morgansadinosaur
Well, I made some little work this morning and I think that we could have a support around 41$+ if we look back to oct 1990, march 2015 and aug 14, 2015 with RSI rising on monthly and weekly (bullish divergence)
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out