Oil looks to pulling back some of its recent decline but I think sellers are still firmly in control. I think we consolidate temporarily and then go for $40-$39
Note
The short-side play is opening up well. We had a good consolidation off the bearish impulse and I think it may be time to once again test the lows.
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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.