AndreasMunz
Short

Target achieved; looking for a retracement lower

NYMEX:CL1!   LIGHT CRUDE OIL FUTURES
58 0 1
Several indicators point to resistance levels between 48-50.50
- Upper Bollinger Bands 48ish
- 50 day Moving average 49ish
- previous Support at 50.50


Generally speaking overbought conditions. Would be surprised the market to take a breather.

1st target middle Bollinger Band at 43 and 20 day MA around the same level
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