CL is trying to break out of the neckline this week but can't hold above.
From weekly TF, doji candle appears at the neckline. This is tricky for swing trade. I will be looking for a short term reverse or continuation of rally.
Daily support/resistance on 19th Dec: 52.85, 52.36
Weekly support/resistance from 19th Dec- 23rd Dec: 52.81, 52.23
Monthly support/resistance for Dec: 48. 46.05 (CLF7: 48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56
From weekly TF, doji candle appears at the neckline. This is tricky for swing trade. I will be looking for a short term reverse or continuation of rally.
Weekly support/resistance from 19th Dec- 23rd Dec: 52.81, 52.23
Monthly support/resistance for Dec: 48. 46.05 (CLF7: 48.13, 46.43)
2016 Yearly support/resistance: 40.90, 48.56
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