NYMEX Crude oil futures, March 10 (CLAH0):
CLAH0 is correcting lower, and the last three days feature overlapping ranges, which illustrates the need for a short-term corrective bounce.
A return towards 80 is possible, as long as CLAH0 remains under 81.50 during any such corrective bounce, the overall picture will remain weak and CLAH0 will be positioned to decline towards 76.00.
