Could 18.99 be the bottom for CL?
CL is in a sideways movement. The monthly time frame shows the market is at support and hitting a down monthly fib extension. The one hour is in sideways movement near the bottom of support and there is a one hour fib extension at 18.99. I am looking for a counter trend line break bullish. I'll be looking to buy the U-turn and not guess the U-turn (Big mistake when you try and jump in early). First target around 28.00 the Daily future resistance.
