Crude Oil: the bearish trend is only taking a breath

NYMEX:CL1!   Light Crude Oil Futures
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Crude Oil             has shown a rally at the the end of last week touching the $34.
But it's early to say that the bearish trend is finished.

I'd wait to see some strong signal that invalidates the continuation of a bearish trend such as a closure above $38.

If you have a look at the Daly chart you should see a bearish flag that might be violated today.

Let's see what happens the next days.

Good trading
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