yyunhong
Long

Oil Setup - Short term

NYMEX:CL1!   Light Crude Oil Futures
69 0 1
Oil             has broken down from the bottom blue trendline and is oversold.

A retracement to the top blue line before resuming the fall is possible.

Long close to the ascending purple trendline at sub 47ish.

Target above $48.

Stop-loss below $46.
Trade closed: stop reached: Stop-loss reached. We may re-test the blue trend-line in the coming week.
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