As you see in the chart, we expect more downsize in Crud Oil(CL) and we like to buy medium term wave II in red to around $50 where we expect that the smart buyers will arrive. Please be patient for more some days in order to do a good long term buy. Next week we'll update this forecast.
After the break with force of a strong support and of the Vwap we will see a continuation of the fall of the price towards a demand zone
Crude Oil price has come retraced back into resistance. Overall daily trend is down. 12h chart shows a long red candlestick bar with little wicks and tails show bears are in control. Looking for price to drop from here.
Seeling crude oil . To the break even at 60.90 Tp 60.90 Sl 63.50
This one is classic. Zoom, test and a potential re-test. However, the target is the lower medianline parallel. If we close above the centerline, then chances are very high for a pullback to the upside. P!