Crude oil short rising wedge terminating into strong resistance
Self explanatory. Easy short setup here, insane reward to risk.
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Crude sell off lining up with index sell off... this could get hairy. No position on it since I am focused on equities.
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Not looking good for crude - I'd be sweating hard if I was long.
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Updated with today's price action. Quite crazy, but price is performing a pullback to the wedge support line break. I will lbe surprised if it continues going up.