NYMEX:CL1!   Light Crude Oil Futures
3
In this chart, I have drawn pitchforks A and B . Also I have added warning line extensions to upper and lower MLH of fork A. These WL are clones of the distance between fork A's CL and Upper MLH. Price is currently congesting just below fork B's CL after bouncing near the lower WL. The question next is where does it go from here? My thoughts are we have some more consolidating to do near term but later, I suspect price begins to move up. When I look at this chart, these words come to mind, "That which is below is like that which is above and that which is above is like that which is below", Sir Isaac Newton . An excerpt from his translation of the "Emerald Tablet". And that was taken from a video lesson I recently saw with Tim Morge. Good Stuff I think.
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