TomProTrader
Short

#CL1!(Crude): Bull Corrective Leg Weak, Continuation Shorts!

NYMEX:CL1!   Light Crude Oil Futures
110 0 7
Traders,

Crude Oil             offering a fantastic opportunity to go short into the bottom of the range. After the bearish impulse leg the bulls have had a weak bullish corrective leg which is already negating and showing weakness therefore offering a great opportunity to short in the form of a continuation move to the bottom of the range. This move at best could be in the form of a 3 wave cyclic move. A good opportunity to get into a short which is technically and fundamentally armed. Great trade.

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