Oil is testing the downside resistance
Oil is testing the strong downside resistance of 80.60. This is also support for a continuation higher and another retest of the key 84.70. A break below this level is required for a deeper correction possibly to 75 before making attempts to a new high.
Note: look for the short trade entries upon a confirmed break below 80.60, long trade entries are not advised yet
GET THE COPY TRADING AND PREMIUM MEMBERSHIP FOR FREE
If you want to learn trading analysis and how to get to key trading levels like in this article register for Private Live mentoring with your trading evaluation.
Take a break from your trading routine and let some funds be run by us! Copy our trades!
