Crude oil futures collapse down 3% from 97.49 to 94.21
|5 min CL|
That being said the collapse in CL coincided with the DX breaking over 80.73 resistance, so you could argue DX strength preceded this drop. IF crude breaks under the 1/17 low of 94 it could easily mean we see 92.
Via our TFP Insider service we signaled a short @ 96.78 and was looking for 95.80 if 96.50 support gave way, which it did.
|Screen shot of TFP tweet|
|15 min CL|
|4 hour CL|
|5 min DX|