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mjhillpp

Target achieved; looking for a retracement lower

Short
Light Crude Oil Futures (NYMEX:CL1!)  
mjhillpp  
NYMEX:CL1!   Light Crude Oil Futures
Crude Oil WTI WTI crude
1
0
usoil wti crude
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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