CRUDEOIL | Expecting Retracement/Reversal
Here's #USOIL #CRUDEOIL #monthly #chart posted earlier. It has now broken the lower #trendline thats $20 ride from $76. We are expecting it to respect the $54-55 band. it might bounce back from here. This level is 61% fibo of previous swing, retest of previous swing high. #monthly close below it will take it to $45/$33, for now $54-55 band important.
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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.