Price closed below an important low on Friday as it can be seen in the chart, also there is a clear 4H timeframe bearish structure which leads us to believe that now we can wait for a corrective move towards the 2 key highlighted areas to sell oil again.
remember if price can close above the arrow it means there is a good chance for price to retrace all the way up to the second resistance area. which is a short term structure point
Trade closed: target reached
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price tapped into the structure area acting as a resistance to price. formed failure swing formation in lower timeframe and got rejected from the area