CL1! - Weekly Market Update, 10/24
WEEKLY MARKET ANALYSIS - 10/24/22 (CLZ2022)
The TEAL ascending support region currently @ 77.50 for this week can contain selling near term,
above which the descending ORANGE structure above @ 90.00 can contain buying strength near term.
Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.00.
A weekly settlement above 94.50 (buy a 1%+ margin) should signal 110.00 to follow.
Downside, 77.50 can contain weekly selling pressures, while a settlement below 77.00 by 1%+
could trigger an accelerated move towards 67.50 followed by 52.50 which is able to contain selling through the balance of the year.
The TEAL ascending support region currently @ 77.50 for this week can contain selling near term,
above which the descending ORANGE structure above @ 90.00 can contain buying strength near term.
Upside, for this week, we'll be looking for price action to be contained by the TEAL ascending channel above @ 94.00.
A weekly settlement above 94.50 (buy a 1%+ margin) should signal 110.00 to follow.
Downside, 77.50 can contain weekly selling pressures, while a settlement below 77.00 by 1%+
could trigger an accelerated move towards 67.50 followed by 52.50 which is able to contain selling through the balance of the year.
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