LandofTrading

Crude Oil ( CL Daily ) Is it consolidation time ?

NYMEX:CL1!   Light Crude Oil Futures
Ok, president Trup was looking for lower prices and there you go right in time ;)

Bears are under control no doubt about it but todays price action ( I would like to see daily close ) suggest we may see consolidation phase between 61,50/62,00 a 64,30/64,80
We are within 'no mans land" here imho and only breakout/down might give Us further direction.
I do expect bulls will try to take out top of the channel but it might not be enough.