kenmsax

Oil Continues to Get Hammered

Long
NYMEX:CL1!   Light Crude Oil Futures
Next stop 50-day sma? Yesterday's overshoot of the 20-sma was good for a small bounce trade; however, shorting that bounce would have definitely been a better trade! I'll be watching the 92 area (50-day and gap fill from late February) for a sign of buyers stepping in.
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