Crude Oil Position!

NYMEX:CL1!   Light Crude Oil Futures
632 11 32
Crude Oil             : NYMEX:CL1!            

The main resistant level is 49-51 levels.
As you can see, the MA 200 did a fantastic work.
When we will break this level it will be a confirmation for an uptrend.

We are coming again to test the 43-44 levels as a strong support!
The fact is that we tested this level as an active support level for more than 30 days.
Excellent :-) Thumbs up
+1 Reply
I challenge you to look at the leg start from 2009. You are missing a lot.
Natalie.Gin trustnbelieve
Hi... thanks for the challenge...I will pass.. This is what I see... you have something better?... make your own chart buddy (:
trustnbelieve Natalie.Gin This is called the start of a leg. You don't just go higher. they are accumulating as they approach this.
Natalie.Gin trustnbelieve
Another challenge?....No Thank You!
trustnbelieve Natalie.Gin
Challenge? I just gave you the chart. You can clearly see what price is targeting. We just had distribution for like 2 months...
Natalie.Gin trustnbelieve
I see a bull flag...And I might be right....
I might be wrong...

Rainbow Seeker is good...hahaha
trustnbelieve Natalie.Gin
Yeah it's one of my favorites. Bull flags setup when you have exhausted everything below in the leg. In this case we absolutely will go to 42, then 40, then make new lows at 36 which is the start of the leg from 2009. They can't go higher till we finish exhausting the leg that took us up to the high(May of 2011)
trustnbelieve trustnbelieve
Best of Luck to you.
trustnbelieve Natalie.Gin
wrong link. This is it
+1 Reply
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