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themarketzone

200 days MA line and weekly structure zone

Long
Light Crude Oil Futures (NYMEX:CL1!)  
themarketzone Updated   
NYMEX:CL1!   Light Crude Oil Futures
WTI Crude Oil Futures WTI (CL1!) crude Crude Oil crudeoilwti dollar Energy Commodities
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wti cl1! crude crudeoil crudeoilwti dollar energy
Oil continues its sharp declined that started following a weekly false break to the 50$ handle.
Now Oil is about to test a weekly structure zone and its 200 days MA line.
Interesting support zone to monitor for potential bullish pullback or bullish continuation trade towards OPEC meeting.

Comment:
200 MA line holds as support
Comment:
Another squeeze below the MA line. Critical week ahead
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