CL Riding the Median (for now)

NYMEX:CLN2016240

Crude Oil Futures (Jul 2016)NYMEX

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⋅ ٣١ أيار مايو ٢٠١٦ ١٢:٣١

Don't fight the trend. For now the trend is up.
However note the divergence in CCI and Sqz.
Fundamentals are that production is still higher than normal and there is lots of inventory.
Target is 50% fib at 44 where there is also support.

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