Eyes on Crude oil / USOIL. this reversal that shows a rapid downward movement boosts the probability of a retracement taking place today. The target level should be near 81.15 USD/b (61.8 Fibo).
Alternative scenario would be that the price breaks the support leading to the next support at 80 USD/b.
Alternative scenario would be that the price breaks the support leading to the next support at 80 USD/b.
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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.