Ape
Short

Oil Wants to Target $90

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
203 0 2
Here I present a daily chart of Crude oil             futures . Recently Crude broke its upward trend line while creating negative divergence in the technical indicators. This set up is similar to when oil             touched $100 late last summer. I marked in blue the similar divergence crude made in the summer of 2012. In red is the divergence currently being made in crude. The initial target for this short is the major trend line of $90.
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