$CL This crude oil selloff has been pretty brutal, plunging straight to around 83.5. However, the RSI has already fallen to 19, deep into extreme oversold territory, so the bears may be about ready to take a breather. Chasing the downside here could backfire; better to keep your defenses in place and use a small position to play a technical bounce.

Entry: 85.00
Stop-loss: 83.30
Take-profit: 89.00

$CL - Long

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