TheBanker
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CL1! - Comex Trading Analysis And Market Tips 29th March 2016

NYMEX:CL1!   Light Crude Oil Futures
Overview:

Crude futures were relatively flat on Monday in thin post-Holiday trading, as investors continued to drag their feet ahead of next month’s highly-anticipated meeting between OPEC and Non OPEC members.
On technical chart, Very short term trend of crude oil is bearish on chart. On its, Daily chart , market is taking resistance of 200 SMA . Crude oil is sustaining below 200 & 50 SMA on Hourly Charts. Now it can test the next support of 36.00if it will break the level of 38.30. On higher side it is having resistance of previous significant high of 41.90.


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is it still posible to
trade
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using cad as a proxy here
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very nice
+1 Reply
TheBanker DerekLee
Thanks Derek hope you got some profit on this
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