January Crude Oil Trading Thread

Just thought I'd visit an old friend before Xmas kicks in. Nymex crude is looking pretty harmonic again. My bet is on short term weakness, though we could be in the process of getting ready for another run higher. The $64 has proved tough resistance in the last few sessions, so maybe the line of least resistance is some downside action for now. I'm short with a tight stop, looking to exit below $61.

This is still good for the bulls as crude would then be forming a bullish pattern. *If* we go down from here & take out point B, I'd be looking for signs of a reversal around $60.75 - after that I'd be looking for support around $59.50.