The upturn in US oil is about to hit strong resistance and a short is on in the 44.40 - 44.70 area. The fibs show that 44.53 is a good reversal figure as it establishes the 61.8 area as a legitimate support zone for the the next leg and also the pullback from yesterdays breakout at 43.26 as first line of resistance @ .236........
SHORT at 44.53....SL 44.75 ..TP 43.26.....
SHORT at 44.53....SL 44.75 ..TP 43.26.....
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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.