MarketIntelligence

Crude Analysis (no pun intended)

NYMEX:CL1!   Light Crude Oil Futures
The Dragon is technically still in the belly ( bearish trend ), although a break above the ocean's surface will become a strong bullish signal. As long as the upward pitchfork (green) holds, stay long and enjoy the ride. Short term resistance at $52. Risk management is critical as always, but the Dragon Analytics System and pitchfork fibs provide clear and manageable levels. Good trading!
Good analysis,
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