Calling this the top for CL before it heads back down to $43 as my first target. Look for mid Sept for that to hit. After it gets tagged it could bounce good off of that level.
Not against a bull call here either if it decides to break out above - use tight stops!
A zoomed out view of the daily
Weekly cloud chart - Couldn't break out of the cloud and now its heading to the bottom @ $45.24 which might show some resistance. Still in a bear cross since back on the week of 5/8. This week so far, PA was rejected from the top of the cloud and is being sent south to $45.25. Profit take there perhaps and wait for more confirmation?
Not against a bull call here either if it decides to break out above - use tight stops!
A zoomed out view of the daily
Weekly cloud chart - Couldn't break out of the cloud and now its heading to the bottom @ $45.24 which might show some resistance. Still in a bear cross since back on the week of 5/8. This week so far, PA was rejected from the top of the cloud and is being sent south to $45.25. Profit take there perhaps and wait for more confirmation?
Comment:
sold off as planned today
Trade closed: stop reached