TomProTrader

#CL1!(Crude): Bulls Losing Steam At Key Hidden Level?

NYMEX:CL1!   Light Crude Oil Futures
159 1 11
Traders,

It's great to be back again after being very busy with business relations.

Looks like Crude has hit a major action level. Price hit the resistance zone , and also hit the Fibonacci extension target move. Nice dark cloud on the previous session showing the level has been acknowledged. Good place to take profits in a long position. Shorts can be considered if we get a bit more bear strength.
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Thank you Tom! I agree with you.
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