–
Crude Oil Analysis for Sell Entry Setup
–
Time Frame : 1 Hour Chart
–
Watch for Sell Entry Setup
Crude Oil is looking heavy and ready for a turn lower as price is holding a lower high around 36.76. The momentum up off 34.32 support is running out of steam and we expect a squeeze on buyers for a fall. Watch for the confirmation in the form of a lower high and shoulder entry setup. Targeting a break below 34.32 for a long squeeze.
–
Index : Crude Oil
Current Price : 35.59
Status : On watch for price to retest lows around 34.32 and below
–
