theselfishtrader

Crude - Price at former support

Short
TVC:UKOIL   CFDs on Brent Crude Oil
Price is retesting a previous zone of congestion and support.
With a test of the 50EMA, this is the last opportunity for the bears to remain in control.
I will be watching intraday for a reversal in the highlighted area.

Supporting criteria:
RSI Overbought

This is not the strongest setup, but in the markets, anything is possible!