Current action of Crude is bearish sideways:
In above daily chart of CL you can see the present support is at 46.63 and resistance at 48.42
I would like to go short between 47.91 and 48.13 level which is 61.8% and 78.6% retracement on daily price action.
The immediate support is at 47.65 which is mid way point on prior days price action.
Next support is 47.39 which is prior day's low.
Next important levels are as follows:
| 47.05 |
| 46.73 |
| 46.53 |
| 46.37 |
| 46.21 |
I will publish my trades at end of trading day tomorrow until then 'Happy trading'.
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