Oil at important junction

Oil price is now back testing the broken trend line which was support and now resistance……

Oil price is also back testing the cloud resistance from below. And finally Oil price has so far retraced 61.8% of the entire decline of 2018….This area is a very important resistance. A rejection here could mean trend reversal….be careful….

 

have a great weekend everyone

One thought on “Oil at important junction

  • April 16, 2019 at 8:55 am
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    Rejection signs at important resistance #OIL 63-65$

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