Price has hit a strong resistance area which is also around the 61.8 fib level. We know if price doesn't break through resistance, it will bounce and be good for a sell. Based on my analysis the bears are getting ready to take control. Oil may hit as low as 37.00. If you agree with my analysis please like or comment your input.
Hope everyone has a profitable week.
Hope everyone has a profitable week.
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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.