Oil: Sellers setting up for further downside?
Today's focus: Oil
Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –
After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.
Have a great day and good trading.
Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –
After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.
Have a great day and good trading.
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.