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

Author at Tradingview
Trading in multiple spot markets for more than 4 years including FX, Indices and Commodities.

Profiting off the market inefficiencies with the use of Commitment of Traders, Market Patterns and Trends.
Edwin Wong

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