TMV Swing Trade report – Short January Crude oil from 99.50 – The market has experienced a sharp price decline and is currently testing the downward sloping median line and the reaction line (basis the 60-minute chart). The market is overextended and primed for a corrective rebound. I recommend exiting the short position and waiting for a rebound to 99.50 to re-enter a short position.
January Crude oil - click to enlarge
