thecharttraders
Short

Short term Bearish Crude Oil

NYMEX:CL1!   Light Crude Oil Futures
60 0 0
The short side has a nice setup from current levels to target the 47.99 level to the downside.
Comment: We have taken this short trade.
Trade closed: target reached: Price action took a bit longer than expected to move lower to our target level, which has now been hit to close our trade for a nice profit. This trade is a good example to be prepared to allow the trade to develop and be patient when you you have a strong conviction for your trade.
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