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ChadBangs

Oil Finding Support After Breakout and Dollar Breakdown

Long
Crude Oil Futures (Aug 2023) (NYMEX:CLQ2023)  
ChadBangs Updated   
NYMEX:CLQ2023   Crude Oil Futures (Aug 2023)
Trend Analysis Support and Resistance Parallel Channel Oil Commodities DXY
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trendanalysis supportandresistance parallelchannel oil commodities dxy
Bullish continuation should be in order after crude finds support at former resistance line. Furthermore, the breakdown in the dollar should materialize to more bullish momentum for commodities after some consolidation.
Trade closed: target reached:
Contract rolled over, cutting the chart short. Crude fell in line with this idea's projections.
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