Crude Oil Futures

/CL 1D TW

44
Oil is a short-term sell with a long-term buy signal and with a possible bull node within 4-6 trading days. It means that oil will continue its way further down for a week at least.

SSTIS is a confirmed sell, 2D MV chart is a confirmed sell with an initial MVO bull/bear switch. Position of oil is above V-MA, therefore shorting oil should be made on a cautious manner. SVT will drop its minor, long core position and will go short versus oil with 40% at open.

The forecast was proper and punctual, I'm not changing it. Target is still MA 50. If that fails then target is /CL2 58.

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