Crude Oil: Dead Cat Bounce Over and Down Trend Continues….

Crude Oil is rejected at the support turned resistance level at about 47.41 after showing a Bearish Engulfing reversal pattern. The Dead Cat Bounce is over and the down trend continues. Very important support around 42-43. Breaking this support will make Crude Oil very very bearish! Happy Shorting!

See previous post Crude Oil: Dead Cat Bounce in Bear Market?

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