Trade Of The Day – Crude Oil (CL)

As the chart above suggests, over the last couple of weeks OIL was able to break above its long-term compressing wedge. Suggesting that a much bigger rally might lie ahead. Yet, our timing and mathematical work suggests that a much more powerful Time/Price resistance level might come into play very soon. To find out what that means and what OIL will likely do in the future, please Click Here.