MarkLangley

CL move lower completing and corrective move in the next week

Long
NYMEX:CL1!   Light Crude Oil Futures
Oil has now completed I believe its first impulsive leg lower from the highs and we should retrace back to the gap level initially and possibly further in the medium term possibly to the 38.2%-50% retracement level of the move lower

Mark Langley
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.