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themarketzone

Oil reaches final target zone - Hitting 200 days MA line

Light Crude Oil Futures (NYMEX:CL1!)  
themarketzone Updated   
NYMEX:CL1!   Light Crude Oil Futures
Oil XLE dollar Energy Commodities Crude Oil Futures WTI (CL1!) WTI
2
4
oil xle dollar energy cl1! wti
Oil hits the final target zone of my previous bearish setup (bearish AB=CD and rising Wedge pattern).
Now 200 days MA line is being tested along with weekly structure zone.
Interesting potential Buy Zone that can lead Oil towards 46$ again.

Tomer J, The MarketZone
www.themarketzone.net

Comment:
200 days proved as support. Will probablyl be tested again. Watch carefully
goo.gl/NOAw5M

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