CL could be setting up for a nice short on the weekly. The daily has shown some weakness and inability to break out $120. The double bottom from $100 would be complete at $120 as well. With today's rally it's a better risk/reward. One could argue that the entry was a few days ago, but from a weekly standpoint I still think this could be a good entry. Obviously the stop would be a close above $120.
Thoughts?
