Technician

USOIL: Shorting Again

Short
NYMEX:CL1!   Light Crude Oil Futures
I shorted a bit early in my prior trade idea. I think we are likely to retest the lows near 50.60-51.00 area. A close today below 56.00 support should confirm it.

Best
Technician
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.