NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
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In most cases it is well known that the trend is your friend.
Long term weekly trend (purple line) is still down and the price and daily 89 ema trend line are both below it.
Price is currently 'on sale' in terms of the long term trend.
Acceleration and momentum are both showing increasing downward pressure.
AMBRISH
11 months ago
Thank you,
Reply
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