NYMEX:CL1!   Light Crude Oil Futures
Yesterday, as expected, breakout was bring the price near 46$ and then his weakness bring the price short.
Now I can see a really bearish pattern: the M bearish . The confirmation of this pattern must be searched at this support breakouts:
River and Moving Average 50 - 44.80/44.60
Support Moving Average 144 - 43.50
Support Moving Average 288 - 42
Now this supports are important but if break down we can increase the shorts, else we cover long.
Because in this days speculation and volatility is very high.
Trade safe.
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