Oil: Sellers setting up for further downside?
Today's focus: Oil
Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –
After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.
Have a great day and good trading.
Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –
After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.
Have a great day and good trading.