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CL1!: Downside Continued To Intermediate Target #Crude

CL1!: Downside Continued To Intermediate Target #Crude

Crude Oil WTI NYMEX:CL1!

Traders

Anyone who went short with me from the top well done, made some good money here.

Downside seems very likely to continue now to at least wave 3 target. There was a nice action level where bulls could have participated on 11-10 and they did manage to get a doji at the action level, BUT it was soon engulfed by bear power and bulls can't step in for a while now.

A good target is measured wave 3 target landing @ 40 psychological handle, which is a likely area for a bounce, I think.

Best of luck traders,
Tom