Browse Symbol Stacks: /CL: CL 1 2 3 Channels.png
CL 1 2 3 Channels.png
@moneymiser21 see above. we shall see if it comes true once again.
Using CLH15 chart I'm seeing a well defined falling wedge pattern with a volume reversal day last week, with a breakout and yesterday as a test/retest of trendline breakout. Euro currency may be same situation which would conceivably move crude prices higher.... ahh who knows maybe I'm in denial..
I see downward pressure with another test of the 46.50-46.70 area. having a tough time holding below there. We see a break with some conviction, i see a move down to the 41 area. If not, and the area holds, could see back up to the mid 50's