The /CL (crude futures or USO, crude ETN) short swing trade has now hit T3 (3rd & final price target) for a quick 10% profit. Consider booking profits and/or lowering stops if holding out for additional downside.
As per my comments in this part of yesterday’s video, /CL played out a with a swift & mostly uni-directional drop down to T3 due to the previous consolidation on & above T1 that reset the oscillators (i.e.- with only a very brief & minor reaction on T2 when it was hit earlier today). Updated 60-minute chart below.
CL 60m 2 April 30th