With this consolidation, a sharp sell off can trigger a short covering rally. Lot of coinciding levels pointing towards a potential bottom.
From the Chart - It is very clear that CL is stuck between two major fib grid levels. Base swing (SL = 10.49 and SH = 37.00) forgot to add it to the chart.
Being in Europe for a couple of days, heard from folks, that they increased 10% tax on gasoline, atleast in SE. something like this from US will trigger a sell off. watch out, play the b/o direction. don't chase
From the Chart - It is very clear that CL is stuck between two major fib grid levels. Base swing (SL = 10.49 and SH = 37.00) forgot to add it to the chart.
Being in Europe for a couple of days, heard from folks, that they increased 10% tax on gasoline, atleast in SE. something like this from US will trigger a sell off. watch out, play the b/o direction. don't chase
Uday C Santhakumar
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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.
Uday C Santhakumar
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.