Oil Triple Top For Bearish Pressure At The POC

Oil is having a difficult time breaking the high due to the triple top and CAD moves. We should see a move down.

The 1-2-3 emerging pattern happens in the zone and we might see a move down if the resistance stays strong. A drop might happen between 64.43-65.35 as it is at 78.6-88.6 retracement of the last swing. Targets are 62.89 as an intraday target and 61.71 as the swing target. Watch for price action.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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