Most recently OIL (CL) has been fighting with a long-term and very powerful resistance level located at around $50. Compressing wedge above – top line. Is OIL getting ready to breakout about this important level or is it topping here? Perhaps pushing well below 2015 low of $26.05 in the process. Assuming the wedge breaks to the downside.
Well, that is exactly what we discuss HERE. If you would like to find out what OIL will do next based on our mathematical and timing work, please Click Here