Crude oil futures in “churn” mode $CL

In this post from January, I identified a resistance zone for crude oil futures. Price has now moved into that zone and for 3 days has been churning:

  • Day 1 = Range of $2.02 and closed up.
  • Day 2 = Range of $2.27 and closed down.
  • Day 3 = Range of $2.27 and closed up.

Crude Oil Futures – Daily chart

Crude Oil Futures Resistance Range

Crude Oil Futures Resistance Range

 

Crude Oil Futures – 1 year, Daily chart

Crude Oil Futures

Crude Oil Futures

 

Thx,

Dave

 

 

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