/CL (crude oil futures) has hit the first & minimum swing target of 107 for a quick ~6% profit & has now taken out the 106-107 support zone impulsively. The same levels from the 60-minute chart in the original post from last Thursday remain potential targets with a current max. price target of just above the 98.00 support level. For those still short & holding out for additional downside, consider lowering or trailing down stops at this time. Previous & updated 60-minute charts below.
/CL USO Crude Oil First Price Target Hit
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