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Various Levels to Watch for on CL

Various Levels to Watch for on CL

Crude Oil WTI NYMEX:CL1!

With this consolidation, a sharp sell off can trigger a short covering rally. Lot of coinciding levels pointing towards a potential bottom. From the Chart - It is very clear that CL is stuck between two major fib grid levels. Being in Europe for a couple of days, heard from folks, that they increased 10% tax on gasoline, atleast in SE. something like this from US will trigger a sell off. watch out, play the b/o direction. don't chase