Energy is my most heavily-short sector, so it’s good to see /CL inching down pretty much on a daily basis.
![](https://slopeofhope.com/wp-content/uploads/2023/02/recentcrude-640x370.png)
The longer-term pattern isn’t squeaky clean, but I see a right triangle top is a base at about $70. Thus, if we can break $70, I think energy shorts are off to the races.
![](https://slopeofhope.com/wp-content/uploads/2023/02/crudeweek-640x299.png)