Light Crude Oil: Reversed lower after hitting cloud chart resistance at $92 zone! Downside support target zones: $78/$76

 Light Crude Oil: Reversed lower after hitting cloud chart resistance at $92 zone! Downside support target zones: $78/$76.

Outlook remains bearish since price action is below the cloud with the bottom end of the cloud a key resistance zone! Swing trades from key support zones to resistance zones is the strategy when trading below the cloud!

WTI is down about 10% since the sell signal above the cloud on the 4 H cloud chart. Downside support targets expected to be tested 82.8 then the bottom of the cloud support zone of 81.51/79.78!