Market Holiday crude; broadening/consolidation Pattern
|30 min CL|
The crude bulls won today’s trade… the price of CL is holding the downtrend support line in place from 2 wednesday’s ago. upside resistance is 103..
downside support could progress down into 97 and or 96.50.. with 99 being more immediate in play..
over 103.20 could quite possibly mean 103.74..
over this level could mean 105 … and for your pleasure below is a chart of the ES ..futures took a half but managed to retrace sunday evening losses to mount 1290.. whew
|5 min ES|