Some technical points of view for CL
- A peak at 62.56 USD/barrel was made in 2015 for WTI during its down-move.
- Almost at the same level has WTI been recently traded at its peak at 62.18 USD/barrel.
- A slight rejection at 62.1x USD/barrel has been occurring in the last trading session.
- A retracement to 57.8x USD/barrel is expected to reach
Short WTI next week with a 5 cents stoploss above the recent peak at 62.18, take profit area around 57.8x-58.00. Take your look at the depicted chart below for more info: