Wednesday, December 11, 2013

Crude Short

H4 momentum looking nasty on crude oil, after inventories came out, price was jacked up to CPP, failed there and left a pin bar, Looking like a nice short set up, going for a big move, possibly 200 points to the downside from CPP to S3.

Also have very overbought daily momentum to add to the possibility of a nice size, multi 100 point down move. 


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