New Signal: Crude Oil (CL) Future Price Points to Continue Price Decline

[vc_row][vc_column][vc_column_text]Crude Oil (CL) Price ($40.25) Continue to show weakness since the September 2nd trend breakdown just under the $44.0 price level. Since that breakdown, Oil prices tried to rally up and failed again at the $41.60 price level; creating a significant lower high price level and confirming downward price trend . Traders looking to capitalize on this downward trend can enter a Short position here at $40.25 price level and set a First Take Profit level at $39.0 and a second Take Profit target at $37.0. In order to protect this trade, traders should look t the $42.0 price level as a redline, above that price level Crude Oil might found more buying interest.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”2843″ img_size=”full” onclick=”link_image”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=”2844″ img_size=”full” onclick=”link_image”][/vc_column][/vc_row]

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