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Impulse or Correction on Crude Oil by ThinkingAntsOk

Light Crude Oil Futures (NYMEX:CL1!)  
ThinkingAntsOk  
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Support and Resistance Multiple Time Frame Analysis CL crude Crude Oil brent WTI Crude Oil Brent
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trendanalysis supportandresistance mtfa cl crude crudeoil brent wti ukoil
Main items we can see on the chart:

a) The price has been ranging between 40 and 35 for several weeks

b) Currently, we are observing a bearish movement

c) We have a Bullish perspective on Crude Oil with two variations

d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next Resistance

e) SECOND: The price retest the Support zone, and after that, we have a bullish movement towards the next resistance zone
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