USOIL
Oil had experience consolidation period for several days, as we can see oil had been struggle around $63 and fail to conquer high.
Moreover, oil passed 7 trading days already just as equal as the horizon made by downtrend, thus it high probability that oil will come out new trend or another downtrend.
Therefore, consider short oil first at 61.45 and anticipate Euro mkt will get downward pressure to 61.00 at least.
If once oil can't resist around 61.45 then oil may rise to reach $62.
Support: 61.00 / 60.66
Resistance: 61.45 / 62.10
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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.