Get started
Tr8dingN3rd

CL1! - Crude Oil Divergence

Short
Light Crude Oil Futures (NYMEX:CL1!)  
Tr8dingN3rd Updated   
NYMEX:CL1!   Light Crude Oil Futures
Trend Analysis Chart Patterns Technical Indicators crude Crude Oil Crude Oil Futures WTI (CL1!) clshort crudeshort
0
0
trendanalysis chartpattern indicator crude crudeoil cl1! clshort crudeshort
What do we have here?

Divergence and resistance tell a story. But the indicators are not predictors. They "indicate".

That's why we are patient and wait for a break of the trendline (yellow) on a close. If that happens, then we have more certainty and can short a potential pullback

#patientpitchfork @RiderOfThePF
Comment:
It looks like they washed the upside.
Here's a 1h view:

snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.