Crude oil is on a bearish trend based on higher timeframes but is currently showing bullish pressure as a potential pullback. The potential upward pullback may try to retest the 70.0 barrier. Breaking further and settling above the 70.0, may see a rise towards resistance barriers between 71.00 and 73.00 as potential bearish sell zones.
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As long as the price action is above 65.30 without settling, the bullish pullback is still valid. Trade closed manually
TP hit, both the buy and the sell!
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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.