tradingconfibos

Weekly Chart - Short for Oil (CL)

Short
tradingconfibos Updated   
NYMEX:CL1!   Light Crude Oil Futures
Hello all,

The volume gave us a short trade in oil this week. The situation is clear, the short volume is now greater than long volume. Aditionally, the prices is making a double top.

We are going to be in the short meantime the short volume is still greater than long volume.

With the retracement fibo we can check the potential supports, specially the fibo 61.8%.

Have a good day
Trade active

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