The Rising Influence of Rising Affluence

[biocqr]

Crude...CL closed at 45.81 on the monthly chart which is just above the 61.8% retracement...thus the nice rally this week. No buy signal yet but CL should rally to the yearly pivot at 55.02 in the next few months. If CL closes above 45.47 on Jan 31 then 55.02 is a high probability.

https://www.tradingview.com/x/1Yewh2RM/

if CL closes above 45.47 by the end of the week this low should hold.