Trading setup for usoil (2016-08-09) LIGHT CRUDE OIL FUTURES NYMEX:CL1! zhipengcfel USOIL0.00%% met a big resistance at upper line of the decline channel and was rejected back yesterday. It forms a nice short setup if it breaks down the sharp rising channel. Good luck for everyone! No confirmation, no trading! Notes: if it breaks out of the decline channel, this setup will be invalid!