Browse Symbol Stacks: /CL: CrudeFuts_Monthly_March122015.jpg

CrudeFuts_Monthly_March122015.jpg

Update on where /cl stands. 

Price violated on a pit close the 61.8% level of the range since the low of 2015 back in late January. 

That puts the resumption of the larger downtrend on the monthly back into play. 

Target is still the $35.10 area, as predicted by the Wedge breakdown. 

Next, we need to break down beneath the uptrend off the 1998 low (white dash line)

Comments

moneymiser21moneymiser21
And we closed pit trade beneath that uptrend line off 1998 low for a second time this year. Also lowest pit close since Jan. 29... current LOY. 3/13/15
DinkDink
Buy breaks below support. Sell breaks above resistance. 3/13/15