Bottom of Technical Pattern Support for CLK2018
Red line is good support for CLK2018
I can't seeing it falling below before April 11.
At the end of the formation, I see the E.I.A report providing momentum to break out of the formation. These price jumps would be price discovery. Eventually, large draws won't move the market as much, once surprise about the tightness of the market is more widely available.
Although the green line can be easily broken.
Red line can be broken with tariff talk and another turn down in equities.
I can't seeing it falling below before April 11.
At the end of the formation, I see the E.I.A report providing momentum to break out of the formation. These price jumps would be price discovery. Eventually, large draws won't move the market as much, once surprise about the tightness of the market is more widely available.
Although the green line can be easily broken.
Red line can be broken with tariff talk and another turn down in equities.
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