Hadapan Minyak Mentah RinganTelah dikemas kini Thanks for 100 Subs! CL At Range Low But Rejecting Bounce
The cl chart has not changed in a long time, the basic mode has been to orbit 56. The current linear regression mid is 56.32 so nothing has changed in many a moon.
Right now it's a bit lower than its expected support zone and it just printed a test and rejection wick of higher prices.
I do not plan on trading CL much until it makes up its mind to go higher, or it breaks significantly below the support region and then I will look for a support/resistance short.
But probably I do not see this as being a good intraday contract to trade for probably at least a week which will give it enough time to print at least one nice and clear outside bar which shows either the bulls or bears have routed the other.
A bullish signal back to 56 would be much more believable to me than a bearish one. I think CL has found stable value at 56 and it's going to continue to wash back and forth over it for a while.
TLDR; this is a no trade zone until a clear outside bar on the day chart shows up.
Right now it's a bit lower than its expected support zone and it just printed a test and rejection wick of higher prices.
I do not plan on trading CL much until it makes up its mind to go higher, or it breaks significantly below the support region and then I will look for a support/resistance short.
But probably I do not see this as being a good intraday contract to trade for probably at least a week which will give it enough time to print at least one nice and clear outside bar which shows either the bulls or bears have routed the other.
A bullish signal back to 56 would be much more believable to me than a bearish one. I think CL has found stable value at 56 and it's going to continue to wash back and forth over it for a while.
TLDR; this is a no trade zone until a clear outside bar on the day chart shows up.
Nota
Looking like potential outside day already although I would kind of see this as being a more convincing bottom after a double bottom of some kind to identify wave 2.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.