CRInvestor

CL1! - price exploded past ab=cd target

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
271 0 2
In what can only be described as a 'blow-off-top' Crude oil             prices surged past our long standing bullish ab=cd price pattern objective (101.62) to finish the day well above 102. As the colored arrows indicate bullish harmonic patterns have been satisfied. Coincidentally, our very reliable Willy21 is flashing a 'stupid overbought' condition and our MACD indicator is suggesting a bearish momentum divergence. Put it all together and my upside enthusiasm is very limited. Yes we may move higher over the coming sessions but I for one shall be watching for some sort of consolidation first.
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