cory4rex2

CRC outlook

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NYSE:CRC   California Resources Corporation
Definitely reacts to the news, good or bad but, definitely reactive! So we have 2 harmonic set ups, a bat and a butterfly both bullish. The move off of the first set up, the bat, was 562 points into the butterfly. The butterfly looks as if we'll move into a nice bullish channel into and the price levels to look out for 20.04 as a level to consider as support entry and rejection up until 26.79 at a newly formed resistance level. If the momentum continues I'm looking for a but from support to 30.17. The weekly tells the better story!

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