Crude Oil: Is the rejection scenario still relevant?

NYMEX:CL1!   Light Crude Oil Futures
Oil             attempted to reject the Pennant yestarday, but withdrew to around its EMAs, which it has failed to breach.
Breaching its EMAs will send it back to the upper side of the Pennant , with 46.27 as an objective.

Failing to cut through its EMAs, will prove that the rejection scenario is valid, and will send Oil             south to 40.26, with 42.71 as a primary objective.

Volumes are still low, higher volumes should get Crude out of its consolidation.

Crude's daily Pivot Point is around 44.66. The daily support levels are around are around 44.14 and 43.19. The daily resistance levels are around 45.61 and 46.13.

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out