Light Crude Oil Futures
Short
Updated

Crude speed fan

Supports a bearish outlook. The speed fan shows uptrend failure after uptrend failure and retesting of the fan lines. It would appear that we are now retesting a fan line and the downside target is in the $50 range.
Note
bear thesis doesn't seem to be panning out
Order cancelled
this really was a counter-productive way of thinking, in hindsight

Disclaimer