Ape

Oil Wants to Target $90

Short
NYMEX:CL1!   Light Crude Oil Futures
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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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