Crude Oil continues the downtrend

On Crude Oil , it's nice to see a strong sell-off from the price of 69.660. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.

I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.

The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade.

Happy trading,

Dale