Light Crude Oil FuturesUpdated CL1!, Downtrend line broken
Oil has finally broken the downtrend line that started back in July-Aug 2014.
Price closed above downtrend line on log scale on this weekly chart.
Under normal technical situation price would go higher and return to test the downtrend line to
confirm whether it has turned into support from resistance
i will keep my long as for now - Bullish
Remember: trade your own plan, because you know how much you can risk
Price closed above downtrend line on log scale on this weekly chart.
Under normal technical situation price would go higher and return to test the downtrend line to
confirm whether it has turned into support from resistance
i will keep my long as for now - Bullish
Remember: trade your own plan, because you know how much you can risk
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Note
Note
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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.