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WadeYendall

CL Potential Failed breakdown.

Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)  
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NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
Trend Analysis Chart Patterns Fibonacci
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trendanalysis chartpattern fibonacci
Oil has recovered the trendline. and stayed above the false breakdown zone. Above the box oil is price action leans bullish. Below not so much. Important to watch as energy is big component of CPI.
Also energy stock have remained very strong despite the oil sell off.
Komentar:
Failed to hold the trendline. A close back below the 1.13 Fib X would be bearish for oil. Trip down to 65 possible. Recession fears appear to be dominating right now.
snapshot
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