CL1! objective $47 will determine Bullish trend consolidation

NYMEX:CL1!   Futuros de Crudo Ligero
  • Possible beginning of a lateral channel. Base $44 / $47 Roof
  • Bullish MACD , rising histogram that needs strong volume as this price zone is highly dominated by bears
  • Bullish MA15, cut up the price line two days ago. The objective is to beat the resistence marked by a double floor registered on $47 at March 2017
Bulls make money
Bears make money
Pigs get slaughtered
Richest get bailouts
Poors get the bills