As mentioned last week, CL may be trading in the yellow zone until it decides to break up or break down.
Don't hold yet until direction is clearer.
In the 5hr TF, price is being supported by the 200EMA as the moment.
Daily support/resistance on 31st Oct: 48.81, 49.12
Weekly support/resistance from 31st Oct - 4th Nov: 49.7, 49.01
Monthly support/resistance for Oct: 47.25, 45.66
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