CL is bullish this week due to OPEC has a meeting for production cut and some comment by Russia energy minister. From the daily TF, the price is resisted by the lower trend line of the rising wedge. If the H&S is valid, price would likely move up to form the right shoulder before the actual OPEC meeting.
Daily support/resistance on 21st Nov: 46.15, 45.82
Weekly support/resistance from 21st Nov - 25th Nov: 45.77, 44.66, CLF7: 45.89, 45.04
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56
Weekly support/resistance from 21st Nov - 25th Nov: 45.77, 44.66, CLF7: 45.89, 45.04
Monthly support/resistance for Nov: 47.65, 49.43
2016 Yearly support/resistance: 40.90, 48.56
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