Get started
marketmakerBA

CL1! objective $47 will determine Bullish trend consolidation

Light Crude Oil Futures (NYMEX:CL1!)  
marketmakerBA  
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns wticrude Crude Oil Futures WTI (CL1!) Fibonacci Retracement
2
0
trendanalysis chartpattern wticrude cl1! fibonacciretracement
  • Possible beginning of a lateral channel. Base $44 / $47 Roof
  • Bullish MACD, rising histogram that needs strong volume as this price zone is highly dominated by bears
  • Bullish MA15, cut up the price line two days ago. The objective is to beat the resistence marked by a double floor registered on $47 at March 2017
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.