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AlfonsoMoreno

Light Crude Oil #CL long term longs, weekly demand in control

Long
Light Crude Oil Futures (NYMEX:CL1!)  
AlfonsoMoreno  
NYMEX:CL1!   Light Crude Oil Futures
Support and Resistance Supply and Demand Crude Oil Crude Oil WTI brent lightcrudeoil oilfutures Demand Zone crudeoilbuy crudeoilanalysis
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supportandresistance supplyanddemand crudeoil usoil brent lightcrudeoil oilfutures demandzone crudeoilbuy crudeoilanalysis
Light Crude Oil #CL long term long bias, weekly demand level in control, similar scenario is also available on Brent. Weekly chart is uptrending, weekly demand imbalance at 64.94 is in control and printing higher lows. Daily demand at 65.82 in control attacking a used-up daily supply zone at 70.39, expecting daily supply level to be eliminated. If that happens a new daily demand imbalance will be created. Definitely long term long bias on Light Crude Oil
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