Crude Oil has been moving up for the last 2 months off this 4hr trend line. It has now formed bearish divergence and is not too far from the daily -.618 extension fib. We should see some bearish movement around that area. I will be looking to sell. There are 3 possible targets. I most likely will take profit around 45.00
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.