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

NYMEX:CL1!   Light Crude Oil Futures
418 2 15

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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Hi Tom, thanks for this, what is the target to go down to?
I trust this guy. Good eyes, Tom
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