Crude Oil Short Setup: Targeting the Low $70s to High $69s
Crude oil appears to be showing signs of bearish momentum after a failed attempt to break higher. With the price stalling around the $71.00 level, we’re positioning for a short trade targeting a retracement into the low 70s or possibly into the high 69s, where we see potential support levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.