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mxb1961

A Renko Trading Strategy - A Look at a Chart

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Light Crude Oil Futures (NYMEX:CL1!)  
mxb1961  
NYMEX:CL1!   Light Crude Oil Futures
Chart Patterns Technical Indicators WTI wticrude wtioil renko renkochart renkocharts Crude Oil
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chartpattern indicator wti wticrude wtioil renko renkochart renkocharts crudeoil
This is a current view of CL and some details on the consolidation that is showing up on the 50 and 25 tick charts. February resistance levels are getting tested again. The 10-tick short-term chart has shown some strength but now showing divergence as price hits the larger blocks resistance levels.

10-tick chart
snapshot


25-tick chart
snapshot


50-tick chart
snapshot

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