Crude Oil Outlook: Bearish
My reasons for being bearish on Crude Oil
Major resistance at 49.50 with the 200 daily SMA and upper downtrend line.
Impending bearish MACD crossover.
RSI touch overbought and retreated.
Disclaimer: Sold Bear Call Spread 49.50/50 on /CL October with 42 DTE . Credit 1.40
