claydoctor

Oil goes lower from here

Short
NYMEX:CL1!   Light Crude Oil Futures
Note the... I cloud squeeze and continued downtrend indication, downtrend channel, lack of volume this latest downturn(really low) compared to previous ups and downs, price up volume way down last move shows lack of commitment, S&P reacts to oil, and will do same this time for 13 days? or so to bottom of trend channel support or lower?, note the double pipe tops before entering the red boxes down turns. IMO
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.