$OIL | 4HR TF | Bearish Divergence Emerges

Short

Light Crude Oil Futures (NYMEX:CL1!)

Updated

NYMEX:CL1! Light Crude Oil Futures

trendanalysis harmonicpatterns chartpattern oil

bulls losing momentum here at this timeframe, id be cautious taking up longs at this price range

Comment:

there we go

Comment:

lower timeframes showing reversal signs but im not too convinced to take up longs

Comment:

bear flag possibly formed, confirmation below 55

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