FX.co ★ bradtke.owen | CL/Crude Oil

#CL / Oil / OILUSD Hello. Oil continued its southern move yesterday, and the bears still maintain control over the pair. So I consider selling as a more priority option for myself. From a technical standpoint, on the hourly chart, indicators remain bearish for further decline, the pair has now triggered another intraday sell signal, so there is a possibility of a move towards the south to around 66.00-67.00 in the short term. However, one of the basement indicators currently does not support the bearish sentiment, but there is a chance that it is just discharging. On the four-hour chart, indicators also fully support further decline, but here as well one of the basement indicators does not support the bearish sentiment, the second one shows a significant bullish divergence, and the Bollinger Band is already hinting at the end of the downward impulse and the beginning of a local correction. So for now, I am only considering a local decline, and soon we will most likely see a reversal to the north.