OIL - ready to breakdown

NYMEX:CL1!   Light Crude Oil Futures
666 30 5
You can use DWTI             for ETF traders.
both indicator going to meet up with Trendline support at MACD & RSI?
+1 Reply
flirting with 43-44 at the moment
This is incredibly bearish right now...
seine IvanLabrie
Ivan you are very much right. my momentum indicator is blowing off on the downside. i am heavily short. i don't think the support will hold.
One last leg down, going for maximum pain...for both longs and shorts soon.
seine IvanLabrie
wait for shorts? why?
After such a brutal downtrend, I'm skeptical of keeping a short position without trailing stops. Even less opening a new short.
IvanLabrie IvanLabrie
Short term, sure, but won't be long lived.
seine IvanLabrie
oh yeah. of course. nothing last forever.
Intense divergence in multiple these levels closely.

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