NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
183 0 1
Currently crude trading near its rock solid support area, why this area is very crucial? .50 fib level of Cyclical A-B wave, 1.382 of intermediate i and ii, 1.382 of XA , CD= 2x of AB and also prices forming corrective flat ABC structure, where AB = BC             .

We assume WTI might rise till 85.50, which is also resistance of a prolonged falling trendline. If price sustain this level, next crucial resistance would be 90.72 levels, which is the low of the 1st intermediate wave.

Currently the risk-reward ratio is more then 3:1, I think smart people have already inititiated their trades.

Above analysis is purely for the educational purpose.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out