ACTIV8X

Crude Oil: Down to 44.4?

NYMEX:CL1!   Light Crude Oil Futures
Oil             closed around its trend line in Orange, at 46.29, a swift fall that erased, in less than a week, all of the breakout gains. It is still hovering around its EMA20, which provided it with some support, yesterday.

A breakout of 45.94, will lead to the breakout of the Orange trend line , which will set the 44.4 support level as an objective, with 45.43 as a primary objective.

The breakout of 46.98 will send Oil             up to re-visit 47.96, with 47.49 as a primary objective.

The daily Pivot Point is around 46.39. The daily support levels are around 45.83 and 45.37. The daily resistance levels are around 46.85 and 47.41.
Hi, what is the best price go long today ?
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ACTIV8X kat0072
well it is very flat maybe it will move a bit in an hour or two...
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ACTIV8X ACTIV8X
47.43 is a good objective, 46.49 is a good support level...
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kat0072 ACTIV8X
yeah put up a buy on 46.50 and holding another one which were at 47.04. Created another just to support the loss.
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ACTIV8X kat0072
Well, the area around the orange trend line, and its EMAs, was resisting yesterday and today too...
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ACTIV8X ACTIV8X


Beware of the channel...

The daily Pivot Point is around 46.37. The daily support levels are around 45.72 and 44.58. The daily resistance levels are around 47.51 and 48.16...
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kat0072 ACTIV8X
Awesome will keep eye on it. Thanks
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ACTIV8X ACTIV8X
CORRECTION!
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AMBRISH ACTIV8X
THANKS,
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ACTIV8X AMBRISH
anytime... so how was your day so far?
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