LET'S ALL SHORT OIL!!! 😈🔥
$CL is flirting with $100 again.
But there's one problem…
SELLERS DON'T SEEM READY TO GIVE UP THIS LEVEL. 👀
$100–102 is a serious resistance zone, and I'm watching for a rejection.
💥 MY SCENARIO?
A major news catalyst could trigger a sharp selloff, break the rising channel and send CL toward $79–80.
But here's where it gets interesting…
That drop could form the RIGHT SHOULDER of a massive inverted head-and-shoulders pattern on the daily chart.
💡 MY TAKE
I'm bearish on the next major move, but I'm not rushing into a SHORT without confirmation.
The irony? The drop I'm waiting for could eventually set the stage for the next big rally.
FIRST THE PANIC. THEN THE OPPORTUNITY. 😏
$CL
#CLUSDT #crudeoil #OilFutures
$CL is flirting with $100 again.
But there's one problem…
SELLERS DON'T SEEM READY TO GIVE UP THIS LEVEL. 👀
$100–102 is a serious resistance zone, and I'm watching for a rejection.
💥 MY SCENARIO?
A major news catalyst could trigger a sharp selloff, break the rising channel and send CL toward $79–80.
But here's where it gets interesting…
That drop could form the RIGHT SHOULDER of a massive inverted head-and-shoulders pattern on the daily chart.
💡 MY TAKE
I'm bearish on the next major move, but I'm not rushing into a SHORT without confirmation.
The irony? The drop I'm waiting for could eventually set the stage for the next big rally.
FIRST THE PANIC. THEN THE OPPORTUNITY. 😏
$CL
#CLUSDT #crudeoil #OilFutures