bigrediska

Crude oil. The reversal is getting closer.

NYMEX:CL1!   Light Crude Oil Futures
335 1 6
I see the first signs that the decline will not last forever. First the current candle is completely outside of the B bands. Last time it happened in February 1986. The Stock indicator dropped to the level of 1998. Also, we are close to the price of seventy. Not only it is an important psychological level . There are important support line.
Indeed, last time a candle was fully outside it change direction, but not sure about new highs. at least 95
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