OIL Looks to be pulling back to key resistance of 70.45 with fibonacci confluence. If the market forms a double top pattern here on the 4hr chart we will look for further downside to continue into the key support of 62.40. We also have confluence of our moving averages for further downside.
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Disclaimer
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.