CL1! - Weekly Market Update, 10/31
WEEKLY MARKET ANALYSIS - 10/31/22 (CLZ2022)
The TEAL ascending support region currently @ 77.75 for this week can contain selling near term,
above which the descending ORANGE structure above @ 89.00 can contain buying strength near term.
Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.25.
A weekly settlement above 94.75 (buy a 1%+ margin) should signal 110.00 to follow.
Downside, 77.75 can contain weekly selling pressures, while a settlement below 77.00 by 1%+
could trigger an accelerated move towards 66.50 followed by 52.25 which is able to contain selling through the balance of the year.
The TEAL ascending support region currently @ 77.75 for this week can contain selling near term,
above which the descending ORANGE structure above @ 89.00 can contain buying strength near term.
Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.25.
A weekly settlement above 94.75 (buy a 1%+ margin) should signal 110.00 to follow.
Downside, 77.75 can contain weekly selling pressures, while a settlement below 77.00 by 1%+
could trigger an accelerated move towards 66.50 followed by 52.25 which is able to contain selling through the balance of the year.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.