Short Crude oil

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1. Price was sold down from resistance showing a possible price reversal.
2. Seasonally Crude oil is bearish for the month of January.
3. Price has broken below MA line.
4. Further bearishness can be confirmed if price breaks below upwards trendline.
5. COT contracts is at bearish zone

Short until downwards trendline is broken.
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Broke through support. See how far it goes before closing trade
Beyond Technical AnalysisCOTSeasonality

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