Tuesday, April 20, 2021 7:01 AM EDT
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 leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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