Crude Oil at a key level for possible reversal.
Crude Oil did reach a key area, where we have previous structure resistance, 61,8 Fibonacci retracement and Monthly R1. We also have a hidden bearish divergence on RSI daily TF. I will start looking for bearish evidence on 1-4H TF here in this kill zone where the price is testing.
Note
Nice structure break on 4H TF, if you missed the first down move then wait for a correction or retest for next leg down.
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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.