CL1!CL1 is in major downtrend after bullish swing. There is short buying opportunity due to spotting RSI wide swing divergence. Reward to risk is as high as 5.
Wait for price break down the uptrend line (1H) to confirm the signal confluence.
Note
The price is going downside, but long-term support is found nearby.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.