CL 12-14: Light Sweet Crude Oil
CL is forming strong bullish move during November 2014 off the weekly bottom being formed this week. Aggressive traders can go long on any pullback move to the critical black lines.
If weekly bar closes above 81.16-20 zone, this will be great confirmation of starting uptrend at least during first two weeks of November before the...
Above i have drawn out my thoughts on time symmetry and bearish cycles in the Crude Oil market.
Though in a long term bullish structure on the weekly and monthly, at the tops of these weekly bullish cycles, we see extended bearish cycles, or an "Unwinding" of long positions.
We are currently in the process of another of these unwinding cycles.
The Willy21MA13...