Oil has been getting rejected at the 200ma
Current bearish divergence in macd and cci on the 4 hourly could take usoil to the horizonal support at about 52 and if that support fails then its likely to test the daily 200ma which currently sits at about 47 in the 4hr timeframe. For educational purposes only.
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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.