Sunday, January 29, 2017

Crude Oil Trading: Weekends Post for the week 30th Jan - 3rd Feb 2017

CL is still hanging around the neckline as can be seen in the daily and weekly TF. A hammer is formed at the neckline. Let's see if it translate to any upwards movement next week.



Daily support/resistance on 30th Jan: 53.24, 53.33
Weekly support/resistance from 30th Jan - 3rd Feb : 53.18, 53.15
Monthly support/resistance for Jan: 53.18, 51.75  (CLG7: 53.49, 52.69)
2017 Yearly support/resistance: 49.35, 40.28

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