#CL_F Crude's Year Long Decision Point on the Daily
On the long side, crude has the opportunity to retest the $50 handle. If it can break, we are looking at a reversal at the 54.5 gap, or fibonacci confluence area -- to retest the $50 handle before moving even higher.
On the short side we are looking at price continuing on this year+ long bear channel, and making new lows.
On the short side we are looking at price continuing on this year+ long bear channel, and making new lows.