TomProTrader

#CL1!: BEARS IN CONTROL, EXPECTING MOVE INTO DEEPER LOWS! #OIL

NYMEX:CL1!   Light Crude Oil Futures
346 0 10
Traders,

UPDATE: We are breaking down well, as I show from my previous idea. Breaking down and very much in the money.

A nice short opportunity off candlestick weakness, in a resistance zone , 200 major moving average resistance, and a very good Fibonacci retracement level off the long term resistance level . The ceiling is reliable, and good for a short.

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Regards
Tom
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