CL is still moving in sideways. Friday has a bearish engulfing. It is moving around the mid of daily BB.
In the weekly TF, it is also at the mid of BB.
Daily support/resistance on 12th Sept: 45.96, 46.46
Weekly support/resistance from 12th Sept - 16th Sept: 45.74, 45.80
Monthly support/resistance for Sept: 44.67, 44.28, 44.79, 44.66
In the weekly TF, it is also at the mid of BB.
The various TF mentioned, price is currently at around the mid of BB. It could mean a bounce is coming next week. holding below would be bearish short term.
Daily support/resistance on 12th Sept: 45.96, 46.46
Weekly support/resistance from 12th Sept - 16th Sept: 45.74, 45.80
Monthly support/resistance for Sept: 44.67, 44.28, 44.79, 44.66
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