TomProTrader

#CL1!(Crude): Compelling Bearish Activity, Downside Expected!

Short
NYMEX:CL1!   Light Crude Oil Futures
11
Traders,

Crude has opened with a compelling gap down, confirming a retest of the support/resistance transition line, confirming the bears are in technically and fundamentally too. Oil should see downside probably until the end of the week, and the move could be rather fierce and bears put pressure on the market throughout short covering.

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