/CL has broken down below this trendline/rising wedge breakdown but is currently testing the 112.50 support, my B.O.D. (benefit of the doubt) support level. As such, /CL will offer an objective short entry for a min. swing target of 107 on a break below 112.50 with an alternative entry or add-on to come on a solid break below 111.

CL 60m March 24th

CL 60m March 24th

Alternative proxies for shorting crude oil are /QM (MINY crude oil futures), /MCL (Micro crude future), USO (+1x crude ETN), & SCO (-2x crude ETN).