WTI Crude (CL) Daily MACD Trying to Negatively Cross

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WTI Crude (CL) edged lower yesterday within an ongoing 2 week or so consolidation phase in the upper half of an upchannel (on the 4hr and daily chart). Significantly, although odds are high for a dip Thursday following the highly anticipated weekly inventory data at a deferred 11am EST release (due to Monday's US Veterans Day holiday), longer term bulls are increasingly eyeing triangle resistance (on the weekly chart) and will likely cushion any slide back to the 4hr/daily chart upchannel support....

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WTI Crude (CL)Weekly/Daily/4hr

CL (WTI Crude) Technical Analysis

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