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FibnFork

Big level for oil

CFDs on Crude Oil (WTI) (FX:USOIL)  
FibnFork  
FX:USOIL   CFDs on Crude Oil (WTI)
Trend Analysis Chart Patterns Technical Indicators crude Oil Commodities
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trendanalysis chartpattern indicator crude oil commodities
Quick crash into a key support area for crude. We have:
  • 100 DMA
  • 38.2% retrace off the entire 2019 advance
  • Key pivot area
  • 100% extension of initial April decline
  • Parallel Slope off April->May highs added to May lows (clear on 4hr chart below)

4h chart:
snapshot
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