Oil price is now back testing the broken trend line which was support and now resistance.
Oil price is now back testing the broken trend line which was support and now resistance…
(Click on image to enlarge)
Oil price is also backtesting 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.
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