Crude oil 10/15/21
Monday’s intraday and multi-year high acting like a magnet to CL.
Monday’s intraday and multi-year high acting like a magnet to CL.
Another view on CL’s long-term support/resistance levels.
Crude oil’s back-to-normal/low volatility is building up some squeeze conditions.
Not much to add here as crude oil is unable to clear the upper end of the March gap-down hurdle.
A convincing closure of the March gap-down is pending but it is high on the crude oil market’s list.
September CL futures losing momentum at the March gap down resistance.