JabezZinabu

Crude daily analysis - Short setup

Short
TVC:USOIL   CFDs on WTI Crude Oil
CL1!
We see here price retesting a key support turned resistance zone. This zone is also where the 13 month trend line that was broken is being retested, a Fibonacci cluster zone (38.2, 61.8) sits, the 13/21 EMA's are being retested, and demand turned supply zone meets. That in addition to the reversal candlestick that formed Friday may point to a potential turnaround point and further move down.

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