US Oil - Bear Flag?

Last week Oil sold off below the key area of support at 50.33. This week we look for further declines in Oil with a retest of the 49.94/50.33 area of (now) resistance providing a great place to look for potential shorts down towards the target of 48.59.
brentbrentcrudeChart PatternsCrude OilcrudeoilwtiOilTrend AnalysisWave AnalysisWTIwticrudewticrudeoilwtioil

Disclaimer