elghawty

CL-OIL Trading Signals Daily Analysis

Long
elghawty Updated   
NYMEX:CL1!   Light Crude Oil Futures
after a chart study, the price of CL-OIL will normally fall in a few days, but as you can see, I have drawn 2 fields (red and green) which are resistances that the chart will try to break to clarify the Next trend CL1! CL1! , if we break the green resistance it means the start of an uptrend, and if we break the red resistance down, it will be the start of a downtrend.
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as we see the chart broke the line between the green and the red areas, it mooved from the red one to the green one, that means a start of a new trend (uptrend).
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