CL Daily analysis 10-13-16
Head and Shoulders technical pattern + break of 2 year trend resistance = long bias
Watching for a pullback off the double top, keeping eye on 50% Fibonacci retracement which is also the 2 year profile POC, for potential reversal zone.
Watching for a pullback off the double top, keeping eye on 50% Fibonacci retracement which is also the 2 year profile POC, for potential reversal zone.
Commentaire:
Long view should change to neutral, we're waiting to see if price breaks resistance or fails at current resistance level.