New Trade Signal: The Long Term Technical Problem With Crude Oil (CL) Chart

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Hello traders, we have been negative on crude oil for years now and its time to visit the long term chart and show why even in this low price levels, crude oil continue to look negative and traders can take advantage of it right now and/ or open or add to short position after short term rally attempts. Take a look at the monthly chart below showing the long term bearish – negative chart pattern follow by a daily chart showing suggested trade. Short oil at current price level 48-49 and look to take profit at $46.0 and $43.0.

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