ACTIV8X

Crude Oil: Going South... Part 2

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
Oil             is about to breakout the flag, which will send it south, back to 42.95, with 44.4 as a primary objective, with 46.49 as a resistance.

The flag will be rejected, should Oil             head to 49.39, with 48.38 as a primary objective. The flag will be rejected once Oil             breaks through 48.09.

The daily Pivot Point is 46.19. The daily support levels are around 45.45 and 44.98. The daily resistance levels are around 46.66 and 47.4.

Related Ideas

ACTIV8X
a year ago
Beware of any possible throwback...
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Persil
a year ago
Where is your flag exactly? I can't read its $ "value" clearly from the chart. Thanks for your charts!
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ACTIV8X Persil
a year ago
the consolidation zone in purple... The breakout already happened. it was between 45.90 and 47.9 on Tuesday...
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