montrealtrader

CL at resistance quarterly R1 pivot

NYMEX:CL1!   Light Crude Oil Futures
CL came back to the quarterly R1 pivot 52,00 area and monthly R1 52,16 area. Last week made a attempt at the yearly R1 54,98. Until the new year these 2 level is to watch the quarterly R1 and yearly R1. If the quarterly R1 52,00 area does not hold look for oil to go to 54,98 area.

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