TomProTrader

#CL1!: Downside Pressure Expected, Bear Conviction Seen! #Crude

Short
NYMEX:CL1!   Light Crude Oil Futures
15
Traders,

A nice bear harami cross, followed by clear selling pressure indicates bears are beginning to participate. Crude oil sits at the 200 major moving average resistance, and within the historical support, resistance zone suggesting we could see some selling pressure.

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Best regards,
Tom
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