MDstockmagic

crude oil free fall from supply zone $79

Short
NYMEX:CL1!   Light Crude Oil Futures
crude oil reversed from supply zone near $79
and intensified the selling pressure below our selling level $74

now downside demand zone is $67--$68... if broken than straight away $61

crude oil collapsed new Covid variant led to fears of renewed mobility restrictions, potentially hitting demand from the air travel market.


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.