Caution on CRUDE OIL LONGS

Bearish pressure showing up in the technicals (divergence, TrendCycle) for CL on the 4 hour chart. Caution on additional LONGs until a close above 51.60.

Trailing STOP LOSS for LONGS entered back at the 45.50 level is currently at 49.83.

A pullback could go to 50% retracement level at 48.26, or 78.6% retracement level at 46.30.


"Look, man. I only need to know one thing: where they are." - Pvt. Vasquez, "Aliens"