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Impulse or Correction on Crude Oil by ThinkingAntsOk
Light Crude Oil Futures
Impulse or Correction on Crude Oil by ThinkingAntsOk
By ThinkingAntsOk
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Jul 10, 2020
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Jul 10, 2020
Main items we can see on the chart:
a)
The price has been ranging between 40 and 35 for several weeks
b)
Currently, we are observing a bearish movement
c)
We have a Bullish perspective on Crude Oil with two variations
d)
FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next Resistance
e)
SECOND: The price retest the Support zone, and after that, we have a bullish movement towards the next resistance zone
brent
CL
crude
Crude Oil
Multiple Time Frame Analysis
Support and Resistance
Trend Analysis
Crude Oil Brent
WTI
ThinkingAntsOk
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