Empiece
UnknownUnicorn1043646

Oil - Extends Losses and Trend Reversal

Corto
Futuros de Crudo Ligero (NYMEX:CL1!)  
UnknownUnicorn1043646 Actualizado   
NYMEX:CL1!   Futuros de Crudo Ligero
Gann Fundamental Analysis Trend Analysis Crude Oil Futures WTI (CL1!) cl_f futures Oil Crude Oil WTI Crude Oil crude
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gann fundamental trendanalysis cl1! cl_f futures oil usoil crudeoil crude
Idea for Crude:
- Oil at 40 year resistance.
- Developed a Distributive UTAD pattern, which I shorted early.
- The nature of this move suggests a reversal of the bullish trend.

GLHF
- DPT
Comentarios:
Look how price respects the Gann channels.

We had a 20% drop from the top, but price remains in upper quadrant of descending channel:

snapshot

Must watch the switchback barrier which is gathering energy on the resistance (potentially bullish reversal) here, but it could just be a supply zone.

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UnknownUnicorn1043646
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