Hi traders, concerning the CL I expect two possible scenarios:
1st (green arrow): If the market has sufficient green, strong volumes the market will go over 42.21.
2nd (red arrows): I think this is the most probable situation because of the last small sizes of the candles, as if the ascending behavior is losing power. So I expect a possible bumping into the 0.786 level to drop to 34.63. Your opinion interests me!
1st (green arrow): If the market has sufficient green, strong volumes the market will go over 42.21.
2nd (red arrows): I think this is the most probable situation because of the last small sizes of the candles, as if the ascending behavior is losing power. So I expect a possible bumping into the 0.786 level to drop to 34.63. Your opinion interests me!
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Disclaimer
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.