NYMEX:CL1!   Light Crude Oil Futures
On the daily chart we can see a shooting star, which can be a precursor to change in the trend. In my opinion, it is a signal for correction of recent increases. In addition, large purchase enhances the credibility of the candle. Purpose correction estimate around $ 54 level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.