The main resistance cluster broken, brand new weekly buy signal
We have broken the main cluster of resistance that was around the $ 41,50 to $ 43 area. $ 44 should not act as strong resistance as their are no high volume nodes. The TD weekly is giving a brand new entry signal and technical analysists are given all kinds of bullish signals (cup & handle, MA crossovers, etc.).
From $ 44 to $ 50 their is no noteworthy resistance so CL should get up to $ 50 quickly. Finally, the price in distillants is rising faster than in Crude which should spike crack spreads and pump refiners. There is not a whole lot missing for the energy space to become really bullish and attract loads of capital. Bring it on!
From $ 44 to $ 50 their is no noteworthy resistance so CL should get up to $ 50 quickly. Finally, the price in distillants is rising faster than in Crude which should spike crack spreads and pump refiners. There is not a whole lot missing for the energy space to become really bullish and attract loads of capital. Bring it on!
