look4edge

CL- diagonal picture

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
127 0 5
Sliding down along parallels, from line to line, currently in range.
Looking back found reason for tremendous 25 pct shortcovering - red circle at A/R x channel floor.
7/8 parallel has been recently bought too...
Above 47 test of 6/8 parallel around 47/48 possible, below 51 shorts favoured.
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