Crude Oil – Resistance level, a potential shorting opportunity?

Another interesting chart I have is the daily Crude Oil price. You can see that there is strong resistance and the market has failed to get beyond this point. This could be a potential selling opportunity. The only thing about Crude is that it is very volatile and you need to be very careful with it.

The market is currently closed but when it opens I’ll see what the market looks like and may even short it…

Will keep you updated!

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Category: Oil, Trading