the next target of CL is 39.61, and if selling volumes are important, it will go to 38.76
Many signals approve my idea, the market has broken down the VWAP first. And there are chances that it could break the blue dotted line (the market resisted many times recently). In terms of prices, the RSI also broke its uptrend behavior which is coincident with 50% level.
Also, is you apply EMA (14) and EMA (21), you will see that 14 period one crosses down the 21 one.
Many signals approve my idea, the market has broken down the VWAP first. And there are chances that it could break the blue dotted line (the market resisted many times recently). In terms of prices, the RSI also broke its uptrend behavior which is coincident with 50% level.
Also, is you apply EMA (14) and EMA (21), you will see that 14 period one crosses down the 21 one.
Comment:
after a descending behavior as said before, it went up to reach some previous highs!