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vipulmehta817

Crude Oil Weekly Trendline Pullback Completion

Long
Light Crude Oil Futures (NYMEX:CL1!)  
vipulmehta817  
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns Trend Line Break pullbacktrade pullbackbuy crude Crude Oil Crude Oil Futures WTI (CL1!) wticrude WTI
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trendanalysis chartpattern trendlinebreak pullbacktrade pullbackbuy crude crudeoil cl1! wticrude wti
Crude Oil continuous futures contract on the weekly chart seems to have pulled back from its decade+ old trend line breakout. Breakout happened in Jun'21 and crude bounced back on the trend line. We have seen successful bounce from the trend line support and can expect the price to turn bullish from here on the weekly scale. If so, 76 would be the immediate target for Crude.
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