Anasios78

CL is consolidating => toward a bullish move ?

Long
NYMEX:CL1!   Light Crude Oil Futures
CL1!

The 4h analysis shows that CL has already broken the bearish rectangle (R1 of 88) and now it would be ready to take off.

The price has broken the support of R1 and now it's in pullback on the major support S1 of 85 dollars.

A bullish move would be expected to achieve the first major resistance T1 (94.8).

Stay tuned and keep in touch!

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