Liquidity
Short

Crude Oil Weekly Short Set Up

NYMEX:CL1!   Light Crude Oil Futures
131 0 2
We've got a few confluence factors for a short set up here..
Beautiful pin bar off an obvious S/R area, huge psych level of 50.00, stoch overbought.
Entry on a break of the pin bar around 48.60.
SL at 51.05 - above proxy high and 50.00.
TP near S/R area at 40.50. Will be cautious at the 45.00 level too.

Potential return of ~3.3R
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