I had mentioned in the previous update that CL needed to get above 51.4 to try for higher prices. I had expected a move up at least to the .618 fib but it had a road block at the .5 fib. Back straight down to a 1618 extn. For now, it needs to get above 51.12 or and then take it from there. the 49 level below still remains a potential target.
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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.