I haven't looked at crude oil in a while. I see the it has been consistently been channelling down.
There is still a bit of room for price to push up or pullback to retest diagonal resistance - however, as long as that daily supply holds, the bears will remain in control.
Happy Trading :)
There is still a bit of room for price to push up or pullback to retest diagonal resistance - however, as long as that daily supply holds, the bears will remain in control.
Happy Trading :)
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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.