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Bearish Crude Oil for the shorter and medium terms

Bearish Crude Oil for the shorter and medium terms

We have been getting some questions and comments about a recent longer term crude oil0.00%% chart analysis we posted. So we decided to provide a short and medium term analysis like what we provide for our premium members.

We prefer the short side of crude oil0.00%% looking for a move lower to the 48.33 level at minimum in the short term and a potential move higher to 50.30 is possible. However, we like a short position to further target the 43.62. A break of the 47.31 level would likely get price action moving more swiftly to the downside to our ultimate target of 43.62 over the medium term.

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