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Light Crude Oil Futures
Updated

$CL1! Bulls Facing Strong Resistance Levels

71
Might be wise for CL1! bulls to book profits.

Shorts can initiate short positions up against the resistance trend lines.

As always, use protective stops.

Good luck to all!
Trade active
CL1! down $1.50 since publication over inverted yield curve.

CL1! will get hit the hardest in a recession.

We don't see a bullish case for oil at this time.

Good luck to all!
OptionsGains
Chart PatternsCrude Oil Futures WTI (CL1!)Technical Indicatorsresistance_levelresistancesTrend Analysis

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.
Chart PatternsCrude Oil Futures WTI (CL1!)Technical Indicatorsresistance_levelresistancesTrend Analysis
OptionsGains

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.