Oil made a hh & hl series after 85% retracement of last bullish rally, its struggle at 109.6 horizontal resistance,
1st scenario think it take support from 107.5 Channel support or 105.8 horizontal support with new hl wait for confirmation.
Second scenario it made bearish flag, if it breaks last h.l the bearish flag continuation starts
1st scenario think it take support from 107.5 Channel support or 105.8 horizontal support with new hl wait for confirmation.
Second scenario it made bearish flag, if it breaks last h.l the bearish flag continuation starts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.