Crude oil is retesting a broken support line of a rising wedge pattern.
the price went rejected this night from that and now it is forming a beautiful high momentum bearish engulfing candle.
this candle indicates a strong selling pressure from the identified resistance cluster.
chances are high that the price will keep falling.
target levels:
39.0
38.12
Trade closed: target reached
Check my new analysis on EURUSD!!!
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
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.