Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
CL- Beginning of new bracket, or the cusp of a breakout?
Crude has settled in above 70$ in the past week finding support at 70.40, acceptance between 71.00-71.15 and resistance at 71.94. After yesterday’s EIA report failed to push CL past the established resistance of 71.94. Does this imply that the auction in crude has developed a new temporary trading range or bracket? Any input or opinion would be much appreciated. Trade well.
