Trade888

CL Riding the Median (for now)

NYMEX:CLN2016   LIGHT CRUDE OIL FUTURES
CL
14 0 1
cl
Don't fight the trend. For now the trend is up.
However note the divergence in CCI and Sqz             .
Fundamentals are that production is still higher than normal and there is lots of inventory.
Target is 50% fib at 44 where there is also support.
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