US30 took a significant drop over the past couple of days. Price is approaching a historically significant key level on the weekly and daily (purple line). Note price is also hovering around 50% and 61.8% fib levels. Check out the trendline as well. Also must pay attention to fundamentals. Watching for potential rebound.
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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.