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CromerKing

US OIL slightly longer term view with major trendline

Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)  
CromerKing  
NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
Oil Crude Oil WTI Crude Oil Futures WTI (CL1!) LONG short Trend Lines Parallel Channel Bearish Trend Line
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oil usoil cl1! long short trendline parallelchannel bearishtrendline
Currently got an outside channel test which even if it breaks above there's that huge downward trendline not far above which is bound to give us some resistance. Break above and then a test of that we could be looking at continued bullish action. Look for the cheap trade with tightest stops on the test of the trendline if this is the case.
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