USOIL - retracement before moving up
Oil prices finally broke the key level resistance of 54.75's the other day and made a new high at 56.75's. Price is making a retracement back down to our minor support level of 55.40's (zone in green) or perhaps back to our key level resistance, turned support.
We will be monitoring this area for a long entry back to 56.75 and above.
We will be monitoring this area for a long entry back to 56.75 and above.
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.
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.