OIl is bearish on the weekly timeframe and currently in a downtrend channel.
Next target is to the lower channel at area 35-40 after a weekly close and confirmation below area 60-65 which is a major support demand zone.
Next target is to the lower channel at area 35-40 after a weekly close and confirmation below area 60-65 which is a major support demand zone.
Note
currently at 65
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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.