DOVISH OIL BIAS

6 thg 4, 2022

From last week oil made a bearish impulse from 10800.00 to 9800.00 breaking daily support at 10300.00. We can see during the correction price was rejected by both the daily support, the 50% of the fib pulled on the impulse and there was a formation of a double top. From here we can scale down to the smaller TF to look to short with TP at 9400.00.