Crude Oil is looking heavy and ready for a turn lower

NYMEX:CL1!   Light Crude Oil Futures
Oil is holding a lower high around 36.76 and price is under pressure. The momentum up off 34.32 support is running out of steam and we expect a squeeze on buyers for a fall. Watch for the confirmation in the form of a lower high and shoulder entry setup. Targeting a break below 34.32 for a long squeeze.



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