WTI Oil H4 | Potential bearish reversalWTI oil (USOIL) is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 70.30 which is a pullback resistance.
Stop loss is at 72.56 which is a level that sits above the 50.0% Fibonacci retracement and a pullback resistance.
Take profit is at 67.14 which is a swing-low support level.
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Stratos Markets Limited (www.fxcm.com):
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Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
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