Important Price For The Crude Oil:***

NYMEX:CL1!   Light Crude Oil Futures
3680 29 60
As you can see there are two options for Crude Oil             price.

Option #1:
The red line represent a continuation of the Bears controlling the CL             market.
For now we are just testing the purple Trend Line .


Option #2:
If the purple Trend Line will hold, we will probably test the lower side of the yellow box area above us.


** FYI**

There is a big Bear Flag from the 30/09/14.

And if you will look carefully you can see a small Bear Flag starting from the 06/07/15.

Related Ideas

Any idea how green and red curves are constructed please ?
Based on natural price action
zineroi Natalie.Gin
tanks, any recommendation books about that please ?
Nice job Natalie! I thought we would have seen a bounce back up to 56.5 but I was very wrong! It looks like there was prolonged ranging in the 40-48 area in years past. Interested in your thoughts on that.
Still 42.5 support is intact, lower than that is really ugly
thx for sharing! i prefer the option one cause the trend is my friend :-)
Sachinsyd MaryJane
This is not possible ever!
Nice work Natalie. Does the yellow box between 48-46.93 represent a solid support zone in your opinion or are you forecasting a drop to the 44 zone.
Best wishes.
SO let me see if I get this straight, crude oil can go either up or down right?
+2 Reply
Kumowizard PRO vlad.adrian
You forgot one option! It can stay as choice 51 USD! :-)
+1 Reply
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