MarkLangley

Is CL bottoming? or a move back lower

Long
NYMEX:CL1!   Light Crude Oil Futures
CL has to make a decision I am looking at the sell-offs and shows that either a good support area and buying area or a break could result in a move back into the $50's again.
There is also some divergence n the MACD
Do your analysis and decide ... i favour a stalling in the down move and a bounce into the mid $70's

Mark Langley
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