FX.co ★ bradtke.owen | CL/Crude Oil

#CL / Oil / OILUSD Yesterday's trading session for oil (#CL) turned out to be good for sellers, and as a result of their organized decline, the calculated support level around 58.90 was broken. The volumes during the decline and the breakthrough of this level were quite high and gradually increasing, indicating attempts by large bears to enter positions further. Moreover, the fact that the closing price at the end of the day was below the 58.90 level paves the way for a new wave of selling. In general, I prioritize selling, so today I will be waiting for a rebound from the previously broken resistance level at 58.90 for oil (#CL) and a resumption of the decline towards the targets at the nearest local support level of 58.27, with a possible move below to 58.00.