Correction coming on Crude Oil by ThinkingAntsOk CRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:CL1! ThinkingAntsOk Use this as a guide to develop your view of the chart. Main items we can see on the 4HS Timeframe: a)After the negative prices we saw on Crude Oil Futures , we had a rising in price towards current levels. b)The price made a breakout of a yellow descending trendline c)Most of the times when a structure is broken we will see a clear correction with similar proportions to the broken structure d)Now we will be waiting for a clear correction on the Edge of the Yellow trendline before trading e)If that happens, we will be in front of an excellent opportunity to look for long setups.