/CL (crude futures or /QM, /MCL, etc) first price target (T1) hit in the overnight & early morning session, followed by the typical reaction with the next sell signal to come on a solid break below. Previous & updated 60-minute charts of /CL below.
CL 60m March 31st
CL 60m April 1st
Ditto for USO (crude oil ETF, or SCO, -2x short crude ETF, etc). Previous (yesterday) & updated 60-minute charts below.
USO 60m March 31st
USO 60m April 1st
I’ll be away from my desk for a good part of the morning, replying to any questions or comments when I return around noonish.