BengalTigger

CL: Maginot Line Holds. For now!

Long
NYMEX:CL1!   Light Crude Oil Futures
55.80 is proving to be a bit tough and we went right back down to some ST support at the 53.20 area. Again, we are bouncing off in another attempt to break higher. There is a potential H&S (just pointing it out). IF it keeps battering this area, it will give. Lets, just say that for now, holding above 53 or so augurs well for higher prices.

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