CL Trading Forecast | Light Sweet Crude Oil | Oil Futures Trading

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Crude oil hit the magic number yesterday and we have seen a big short covering rally off of a very predictable bounce point. From here it looks as though price will be going into a very interesting h&S pattern and if we can see our major sell area trade in the near future you can bet there will be some volatility in the market. Mid term bulls haven't gotten chance to add after their initial buys. Watch for a decent retracement to gauge participation. All in all some very interesting set ups starting to take shape.

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• crude oil
• oil trading
• oil
• oil price forecast
• oil tradng forecast
• oil futures
• futures trading
• cl trading
• cl forecast
• daily futures market forecast
• us economy