Get started
krugman25

OIL USO CL - Head & Shoulders Pattern

Short
Light Crude Oil Futures (NYMEX:CL1!)  
krugman25  
NYMEX:CL1!   Light Crude Oil Futures
Candlestick Analysis Chart Patterns Head and Shoulders USO Oil CL priceaction dollar USD crude
6
0
candlestick chartpattern headandshoulders uso oil cl priceaction dollar usd crude
A head and shoulders pattern has formed on the hourly charts for light crude futures. This marks the potential for a bullish reversal and a sustained break below the neckline could see price drop as low as $49-$49.50.

To learn more about my trading strategies check out www.tradingwithkrugman.com
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.