$Light Crude Oil - main 2208(CLmain)$$Micro WTI Crude Oil - main 2207(MCLmain)$ Looking to break long term fibonacci zone - key area to watch out for 88 USD area - if it can hold = more bullish. Is though breaking out down through longer term 2.33 SD regression channels to the south. If goes properly bearish, longer term downside targets:
Currently Bearish. (See attached chart)
Targets & Risk Management....
Bearish Downsides: T1 78 T2 72 T3: 62 (possible 30% price gains)
Stops: Bearish 93 area
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