Crude Oil Weekly Trendline Pullback Completion

롱

경질 원유 선물 (Light Crude Oil Futures) (NYMEX:CL1!)

NYMEX:CL1! 경질 원유 선물 (Light Crude Oil Futures)

trendanalysis chartpattern trendlinebreak pullbacktrade pullbackbuy crude crudeoil cl1! wticrude wti

Crude Oil continuous futures contract on the weekly chart seems to have pulled back from its decade+ old trend line breakout. Breakout happened in Jun'21 and crude bounced back on the trend line. We have seen successful bounce from the trend line support and can expect the price to turn bullish from here on the weekly scale. If so, 76 would be the immediate target for Crude.