TVC:USOIL   CFDs on WTI Crude Oil
Hope you sold that from 53.34 area - another Sunday nite we've made contact with .618 / 45.48 as I suggested in the last set of charts .I'm watching the mthly levels corrected 45.03 (prev 45.01) and new Feb/20 - 45.26 (higher) for support - black channels support for upward toward 47.75 area (last Thursday morn bull trap) . Runours of Fed Rate drop could give Bulls some momentum - If we break through tonight .382 / .5 fibs above targets - poss bull trap NY again . If the mrkt collapses further 41.x mthly is on the table . We have 2 mthly S/R levels 45.26-45.03 together and a .618 fib 45.48 ($26-$76) I'll be looking for sells above and buys below for the short term once we get a grip on the Pandemic . GL keep your stick on the ice and your head up !
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.