Skipper86

Crude speed fan

Short
Skipper86 Updated   
NYMEX:CL1!   Light Crude Oil Futures
Supports a bearish outlook. The speed fan shows uptrend failure after uptrend failure and retesting of the fan lines. It would appear that we are now retesting a fan line and the downside target is in the $50 range.
Comment:
bear thesis doesn't seem to be panning out
Order cancelled:
this really was a counter-productive way of thinking, in hindsight

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