Price broke down now retesting resistance. You can short here with stop @ 1.12
Price not showing enough strength, probably gonna print a head and shoulders. Very strong seeling from commercials.
COT + seasonals and weakening price momentum suggesting we are near the end of this rally and getting ready for a reversal. FOMC could be the catalyst.
Big sell bar, now rebound. Unlikely it holds, should keep going lower.
Still plenty of space before strong support
Broke below sma 20 on 4h, after divergence with momentum. Short the pop.
Commercials starting to sell, bearish hidden divergence, bearish seasonality, downtrend. Price showing hanging man. Could go a a bit more up but from here to september should be priced lower.
Strong weakening of bullish momo, over bought, bearish seasonal window and very strong commercial selling.
Very oversold on strong support zone, likely to bounce
Price upside momentum starting to fade too.
Price is diverging with momentum. A pop is due on data.
Wants lower. Commercials (smart money) are selling too. CL getting OS.
Seasonality pointing towards a bounce. Commercial positioning starting to turn bullish. Suport nearby could used as an entry point if reached with stop on break of it.
Big consolidation then breakout, resistance not close