AndreasMunz

After reaching 50; sideways to lower. downside targets

NYMEX:CL1!   Light Crude Oil Futures
After reaching 50, as expected some sideways action. sold the 52c around 1.05 around 2 weeks ago.

I am neutral, because this looks like a correction of the prevailing uptrend as indicated in the dark red trendchannel.

Downside support are the blue trend line at around 48.20 and the 20 day MA or middle BBand.

Further on the downside we are looking at the lower trend channel between 46 and 47

For now I am covering the 52 calls and wait to sell some put spreads or puts until we reach the lower trend channel
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out