World-Signals
Long

Crude Oil trading strategy for the level of $39.00

NYMEX:CL1!   Light Crude Oil Futures
The trading with Crude Oil             formed very important resistance. First the level of $39.00 is key technical resistance and second it is psychological level.
World-Signals.com expects to see levels of $39.00 where there are two scenarios. If the trading breaks above $39 we recommend going in long positions with target at $40.80 or otherwise it will follow several days’ corrections down to $36.50.
Thanks for levels.
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