Daily Analysis on Crude Oil (CL) by ThinkingAntsOk

NYMEX:CL1!   Light Crude Oil Futures
Use this as a guide to develop your personal view of the chart.

Main items we can see on the Daily Chart:

a)Price made a vast reversal movement from a resistance zone , last week we developed a setup there (check related ideas)
b)Currently, the price is on the Daily support zone and, if we take a look at previous movements, we can see how price reacted there.
c)We will be waiting for similar formations as the previous one (inside the circles)
d)We expect a two weeks duration for that corrective movement on current levels.
e)From there, our main view will be short towards the next support zone , But we will also be paying attention to long opportunities in case the price reverse from there.
Thinking Ants.
A platform entirely created to improve Traders development.


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out