TomProTrader
Short

Crude: Looking For Nice Downside Move Off This Action Level #Oil

NYMEX:CL1!   Light Crude Oil Futures
865 10 20
Traders,

Probably short off this level, there is a strong resistance area down to the lows so you want to be careful of this level as it could operate as strong support. (Support at 44.00's to 42.60's.) If broken it's a longer term confirm bearish

Best of luck,
Tom
Beautiful trade mate, good work :)
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Great Tom,
your research is really helpful.
thanks.
Reply
Good trade Tom. I have a similar chart on oil. Keep up the great trading.
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HOLDING ON TO MY ONE MONTH OLD VIEW. TRADE LOOKING GOOD. Thanks, Coach Tom ;)
+1 Reply
TomProTrader moorekapital
:)
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DId look at the bigger picture in this week's spike higher. Nice chart. Agree with the sentiment and your analysis.
+1 Reply
simonsays452 PRO simonsays452
*Didn't
Reply
Great Tom, as usual.
See how nicely your support line hovers above Oct. 27's high?
Lowest high in the swing. Key level.
+1 Reply
TomProTrader IvanLabrie
Yep it's important.

I see 28 October and can only account that big marabozu as a massive HFT algo trade on that day... I wonder if this price could be defended...
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IvanLabrie PRO TomProTrader
Yes, looks like that for sure.
Reply
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