/CL (crude oil futures) offers an objective short entry or add-on following the rising wedge breakdown & backtest + this break below this 120.23 support. I’ve listed 4 near-term swing targets with my current preferred target the 3rd target zone of 111.73-112.84 in the 60-minute chart below.
CL 60m June 10th
Additional proxies for shorting crude are USO (+1x ETN), SCO (-2x ETN), /QM (MINY futures), and /MCL (micro futures) as well as the recently highlighted energy sector ETFs & coal stocks. I also cover both crude & natural gas in a video that just finished uploading & will be posted shortly.