NYMEX:CLN2020   CRUDE OIL FUTURES (JUL 2020)
Pattern: Channel Up on 4H.

Signal: (A) Bullish as long as the (red) Inner Higher Low trend-line holds. (B) Bearish if th Channel Down breaks downwards.

Target: (A) 35.00 and 37.00 respectively (near the two Resistance levels). (B) 26.00 (just above the Symmetrical Support).


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Recent Oil trade:

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Comments

I think a right shoulder could be forming on the hourly which would take us to the bottom of that channel. Also according to sequential it has topped.
+2 Reply
TradingShot pinski121
@pinski121, That has to be confirmed by the channel breaking downwards. Until then the trend is your friend.
+2 Reply
pinski121 TradingShot
@TradingShot, Great advice, thank you.
+2 Reply
TradingShot pinski121
@pinski121, You're welcome.
Reply
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