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glennjoy1 glennjoy1 PRO CL1!, 240, Short ,
CL1!: Crude still in down trend
162 0 2
CL1!, 240 Short
Crude still in down trend

Looking at this 4hr chart it is clear that bears are in control as there is nothing at all to indicate a change of trend. In fact it looks like crude could fall even further to the late 30's or early 40's looking at the Fibonacci channel 0(34.18). The reason I chose this channel as the first point of reference is that it signified the base line to which the market ...

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