Light Crude Oil Futures

Short

Bear flag / OIL

Updated

Bear flag on the daily, 50$ target

Trade active

Still within the flag

invst.ly/bedpc

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totally

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CL is taking its time, but we're still within the flag range...any moment now...

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Note

invst.ly/bhe9-

we broke the flag line, at least $54 in the making, $50 behind the corner as well.

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$54 possible consolidation area before we continue towards $50 next week.

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$54 consolidation area is now being broken downward, so $50,15 can now be reached in the next down move.

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Target almost reached, may close the position around $50.40

Trade closed: target reached

This will continue its down trend in the long term, but it fell enough in one day (>5%), and the target is 95% reached.

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$53.80 is where the daily resistance sits. Could be a good point to re-enter the short position there.

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at the top of the channel invst.ly/btmfq

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