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Aleksin_Aleksandar

OIL short view 4H-TF 61,8% Fibonacci resistance

Short
CFDs on Crude Oil (WTI) (FX:USOIL)  
Aleksin_Aleksandar Updated   
FX:USOIL   CFDs on Crude Oil (WTI)
Support and Resistance Trend Lines Fibonacci
13
0
supportandresistance trendline fibonacci
The oil price is in retreat, and as proof, a new lower low has been formed on the chart. After support in the zone around $ 93.00, both previous bullish recovery attempts are stopped at the 61.8% Fibonacci level. Now we can only expect a new pullback to the lower zone at $ 93.00.
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