mi6macro

Crude Oil Analysis

Long
NYMEX:CL1!   Light Crude Oil Futures
Monthly - in 2016 we dropped below the 2009 lows but then bounced and help above those levels. 44.60 feels like key level since 2017

Weekly: In trading ranggebetween 50.60 to 64.78. Near range 53.26 -60.60

Daily in a uptrend. Need to trade and sustain above 56.87 to continue uptrend. Uptrend violated if falls below 54.06?

30 min: Market in orange is what should be intraday support
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