CL1! Wolfe Wave: Cautiously Bearish LIGHT CRUDE OIL FUTURES NYMEX:CL1! Chartistry Hello Traders, There is a bearish Wolfe Wave, there is a possibility we will hit 5' so I would cautiously enter shorts in this trade. This also invalidates the previous Wolfe Wave chart I posted on CL1!0.00%% . You can view that chart below.