$CLF25 – January Crude (Last:69.85)

I am playing fast and loose with crude’s ‘technicals’ this week, since chat-room interest in this symbol appears to be dead. As such, I have little reason to provide potentially tradable ABCD coordinates. Instead, here’s a perfectly serviceable pennant formation with the January contract falling to around 67.50 before it gratuitously reverses direction.  Nudge me in the chat room if you actively trade this symbol and require more-detailed guidance. A bearish bias is warranted, albeit with close attention to the vicious feints and head- and foot-fakes that have always characterized this vehicle’s movement.

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