Big level for oil

147
Quick crash into a key support area for crude. We have:
  • 100 DMA
  • 38.2% retrace off the entire 2019 advance
  • Key pivot area
  • 100% extension of initial April decline
  • Parallel Slope off April->May highs added to May lows (clear on 4hr chart below)


4h chart:
snapshot

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