Type: Bullish RiseKey Levels:Resistance:81.06Pivot:73.40Support:74.33Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 81.06, where the previous highs are. Alternative Scenario:Price may head back down to retest the support at 74.33, where the 61.8% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/crude-oil-futures-cl1-h4-potential-for-bullish-rise12"
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