NYMEX:CL1!   Light Crude Oil Futures
96 5 2
Almost gartley
levels please.
Reply
Matthew22 AMBRISH
Sorry It doesn't qualify as a Gartley pattern hence I said almost. Not every pattern out there will work either.
Reply
ykshadowboxer Matthew22
Hi Guys,

It looks more like a butterfly pattern when analyzing. Cap out at 38.65 for a retracement. Thoughts?
Reply
Matthew22 ykshadowboxer
I would expect oil to come under pressure around 38 level.
Reply
ykshadowboxer Matthew22
Definitely hit a resistance at that level and legs are getting tired. Not much of a reaction from SPX with the oil rally.
Reply
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