cesarh23

Long-Term Short Bias, Crude Oil

Short
NYMEX:CL1!   Light Crude Oil Futures
Although crude oil has continued to deliver higher prices since my last post. My overall bias has not changed. Imbalance areas were filled partially on lower time frames at the 123.18 high. This does not mean we have created a top. I will continue to observe price action for a break of market structure on a daily time frame to the downside. Then, I will look to enter a long-term trade to exit below 61.56.

Not financial advice, my opinion only.

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