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Niftymovers CL1!, D,

CL1!: Crude Oil near "D" zone of AB=CD pattern.

88 0 2

CL1!, D

Crude Oil near "D" zone of AB=CD pattern.

NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.

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