The price hits the 78.6 retracement level for the major bearish wave from 105.19 to 97.34 forming a Gartley pattern. Some hesitation is also seen at the potential reversal zone of the pattern. Supply data showed surplus in crude oil inventories. I am already in this trade.
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.