viktor89

Crude monthly going back to 1990- No bottom "yet"

NYMEX:CL1!   Light Crude Oil Futures
Support is actually around 37.88 not 39.60

How do we know that's the support? well-going back to 1990 until now it has acted as support and resistance line.

Also known as axis line has to be tested.

Wait to go long- if planning for short have a good SL around 43

For longs- if cannot wait to go long at least have enough funds to go via multiple entries instead of one big entry.
I think that support is around 41$ touched 3 times, october 1990, march 2015 and now
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