CL resisted by the neckline of the potential inverse HS and breaks below the downtrend line. Now it is possible to test the dotted line below. The right shoulder could be still be developing. OPEC meeting end of Nov and the OPEC and Non-OPEC members are simply flick flopping to cut or not to cut production. LOL Just trade and don't hold too long for oil. It is just a manipulative market.
Daily support/resistance on 7th Nov: 44.22, 44.16
Weekly support/resistance from 7th Nov - 11th Nov: 46.16, 44.81
Monthly support/resistance for Oct: 47.25, 45.66
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56
Daily support/resistance on 7th Nov: 44.22, 44.16
Weekly support/resistance from 7th Nov - 11th Nov: 46.16, 44.81
Monthly support/resistance for Oct: 47.25, 45.66
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56
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