/CL (crude oil futures) is starting to move impulsively lower following the most recent divergent high. While I don’t see any ‘hard’ sell signals, I do believe crude offers an objective short entry here. Some of the potential trading proxies for a short on crude oil are /CL, /QM (crude MINY futures contract), USO (1x long crude ETN), & SCO (2x short crude ETN). 60-minute chart below.
CL 60m July 6th