liviu28

CL1 - find the right levels to go Short

Short
NYMEX:CL1!   Light Crude Oil Futures
4
WTI was trading for the last couple of weeks in a small range forming an triangle pattern, even if we don't have enough evidence for a bearish movement, volumes being below average i think we see more and more selling interest close to the bottom of the range. Even if the price will go down, probably the price action will be quite choppy and i expect some bounce backs from the important levels (especially form the 55 MA 51.5), that's way i advice to sell any really especially close to 52.50, targeting 49.
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