NYMEX:CL1!   Light Crude Oil Futures
171 0 3
As of now, I see more downward movement for crude. The trend is your friend. HOWEVER...longer term time frames are showing bullish divergence on RSI , and price is sitting at massive support (light green area). So I see two possible scenarios...(1) price continues down and we see a test of the 31 handle, or (2) price respects long term support, breaks the descending trendline , and begins to rally. Only time will tell.
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