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andberg
Aug 17, 2015 1:37 PM

20150817 We may have a support on CL1! Long

Crude Oil FuturesNYMEX

Description

Looking back to october 1990 CL1! hurt a resistance at 41.15$
We had a support on march 18, 2015 at 42.03$
We had a new low on aug 14, 2015 at 41.35$
These 3 values are close enough to make a support I think
More than that we are having a bullish divergence on RSI on monthly and weekly basis.
RSI is also making a (bullish) wedge on daily basis.

Could be a good entry point, please trade carefully
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