On a day like yesterday, we see that its prudent to take profit.
The intraday low was 58.20 which was a 10% correction from the level where we gave the short entry which was at 65.70.
This morning we see a bounce, but the sell signal is not yet cancelled.
A close end of day above 63.65 cancels the sell signal.
Next downside target 57.80.
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Crude Oil Mar 19 2021