CL1! Analysis | 2018 : 10/12 - 14/12

NYMEX:CL1!   Light Crude Oil Futures
Based on 2 hours chart of CL1! , price still remain within major support & resistance on monthly chart. Please refer to last week chart for MTF analysis. .

Resistance price of early 2017 (Jan - Mar 2017) was broken on Nov 2017 and now turn as resistance again on Nov 2018. Since last week, price showing insignificant trend, and trade within 48.91 to 54.58.

Trend Identifier B>W has indicate early signal of reversal. But, we remain neutral for CL1! as for now.
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