FXHighway

Crude oil under more negative pressure

Short
NYMEX:CL1!   Light Crude Oil Futures
1
An intraday head & shoulders pattern was completed by breaking 101.00 recently, full target located at 96.80, witnessing more intraday negative pressure now.

Breaching above 99.05 then 99.95 will revive the chances of turning back to the main bullish trend.

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.