Bears wade into crude oil futures: CL1!

An influx of short bets against WTI crude oil futures is behind the recent leg lower for oil prices. But having already fallen nearly 14% over eight days, bears may want to tread carefully with a fresh catalyst. Matt Simpson takes a look at the weekly, daily and 4-hour chart alongside large speculative positioning.
Candlestick AnalysisCrude Oil Futures WTI (CL1!)Crude OilMultiple Time Frame AnalysisTrend AnalysisCrude Oil WTIvideoWTIwtianalysiswticrudewtioilwtiusd

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