oct15joe

CL should complete its down move cycle by dropping to 10.65

Short
NYMEX:CL1!   Light Crude Oil Futures
CL should complete its down move cycle by dropping to 10.65.
It broke the Monthly support @60.65 in July 2008,
then bounced to re-test the 2M chart fib .236 (115.03).
On its way to fib 1.00 (10.65).

Joe
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.