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Is CL poised for a decline? MACD Bearish Centerline Cross shows up after dropping 1.28%
CL closed down 1.28% on Thursday, August 20th, with volume running 2.4× above average. The unusually high volume suggests institutional participation in today's move. Multiple bearish signals emerged — MACD Bearish Centerline Cross and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 89.08, 88.44 & 87.35, with resistance at 90.8, 91.9 & 92.53.
Current SwingTradeBot Technical Rating of CL: B
More technical signals and insights for CL → Visit SwingTradeBot.com
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