Kumowizard

A pause and consolidation is possible around 41,75-42 resistance

FX:USOIL   Crude Oil (WTI)
216 0 10
As I said few days ago it is bearish . However I can immagine some pause and consolidation around 42. Maybe even some pull back later.

- Chikou Span hits past Kumo bottom, often it means a bearish resistance
- we also have a horizontal supp/res ard             41,75-42,00
- we have some positive divergnece in daily haDelta

Please remember, the resistance has to be treated as a possible resistance. It is not rock solid!
The market structure is bearish:
- Heikin-Ashi candles not yet show any bullish signal, Averages point down, Price below Kumo and Kijun, EWO             increasing bearish
- 44             - 44             ,50 retracement could be sold again!

So if you are heavy short, you may lighten up a bit ard             42, but going long against this selloff is not recommended.
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