For the past two months, crude oil has been a market leader as the U.S 10-year yield soared back to 1.70%. Based on market depth, money is too long here, and momentum is slowing. I’m will not be going into my process; I rather keep it short and sweet to warn my subscribers and to give a high conviction short trade here. Longs are trapped here. Liquidity is thinning at these levels and buyers cannot press the pedal any harder. It’s over for now… Look for crude oil to roll over here in the short term*.
Profile view of Crude Oil Futures: