FXHighway

Update: Crude oil attacks the psychological barrier

Short
NYMEX:CL1!   Light Crude Oil Futures
3
Targets: 58.30 - 52.73
Risk: 64.60

Technical Reasons:

The process now is attacking the psychological barrier at 60.00$ per barrel, and the exponential moving average 50 continues its negative pressure on the general trading, opening the way to visit the next main areas around 52.73.

A daily close below 60.00 will add more negative pressure, and breaking 58.00 will confirm the continuation of the bearish trend in the upcoming period.

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