ACTIV8X

Crude Oil: Going South...

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
115 4 4
Oil             was struggling for the past 5 sessions to push forth below the 46.29 level, which is a critical level as it is around its trend line in Orange. Breaking out the consolidation zone, highlighted on the chart, will send it to 42.55, with 44.4 as a primary objective.

Breaking out 47.8 will reject the bearish market, with 49.39 as an objective, and 48.38 as a primary objective.

On a daily scale, Oil             is heading to Breakout its trend line in Orange, which will send it south towards 44.4, with 45.43 as a primary objective. Oil             will have 46.84 as a daily resistance, which breaking out will send it up to re-visit 47.5.

The daily Pivot Point is around 46.47. The daily support levels are around 45.46 and 44.83. The daily resistance levels are around 47.1 and 48.11.
kat0072
a year ago
awesome mate
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ACTIV8X kat0072
a year ago
Thank you!
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ACTIV8X kat0072
a year ago
Waiting for the breakout of the flag will be an optimal moment to trade the throwback and the movement...
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ACTIV8X ACTIV8X
a year ago
Of course if you are seeking for a middle run position...
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