CL 12-14 Forecast

CL             12-14: Light Sweet Crude Oil            

CL             is forming strong bullish move during November 2014 off the weekly bottom being formed this week. Aggressive traders can go long on any pullback move to the critical black lines.

If weekly bar closes above 81.16-20 zone, this will be great confirmation of starting uptrend at least during first two weeks of November before the expected price capitulation at the end of next month (November). I will keep watching this instrument because it is my favorite one and will update you with re-entries.
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