Trader4Life77

short after reach of 40 usd

Short
NYMEX:CL2!   Crude Oil Futures
In 15 May, after the neck line of the inverted H&S was broken, the price entered in the bearish chanel (check the black trend lines) and it will go up to 40-41 usd on short term (to fill the bearish gap from 6th March), from where i expected a strong resitance and also 50% fibo retracement level. And I expect after that for the price it will continue to descend.

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