pivot_trader

CL still bullish...moment of truth coming soon

NYMEX:CLQ2017   LIGHT CRUDE OIL FUTURES
20 0 6
From late June to July , low to high, a 50% retracement and hard bounce already took place. Could see another test of 50% fib at $44.60 area Still seems to be within rising channel . As a bull, like to see the lower trend line hold. Under $44.60 and/or trend line break with consolidation and volume ,,the bull party could be over for a while and a $42.00 retest likely
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