Get started

BCOUSD

Crude Oil 63?Decembers ascending trendline from the end of 2018 as you can see price has closed below it, I can see consolidation within the 4hr range and support. (green) With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further. I feel there is too much compression of resistance above the price. Ending the last 4hr bar with a hammer/pin is a decent sign also of confirmation 15minute has retest the trendline previously mentioned and already rejected off during the last few hours of trading last week.
OANDA:BCOUSD
by MANNI0812