ChristopherJuliano

Crude Oil setting up for a Short

Short
NYMEX:CL1!   Light Crude Oil Futures
Weekly chart showing a break of the trendline to the down side, MACD is down and a Daily consolidation box forming. Looking like a good set up short. Take the breakout of the Daily box for entry placing the stop at the top of the candle that gets you into the trade and your T1 will be the previous swing low on the weekly chart.

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