Skip to content
Home » Blog » Charts » Short Crude Oil

Short Crude Oil

1. Price was sold down from resistance showing a possible price reversal.
2. Seasonally Crude oil is bearish for the month of January.
3. Price has broken below MA line.
4. Further bearishness can be confirmed if price breaks below upwards trendline.
5. COT contracts is at bearish zone

Short until downwards trendline is broken.

Edwin Wong
Latest posts by Edwin Wong (see all)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.