Martinspoon

Previous level of Support providing Resistance?

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
24 views
1

The following short trade marked on the chart is available, if the current trend to the downside continues and the marked level of previous support provide a strong resistance to turn price away, falling. For conservative traders, you may wait for a high to be given and sell the third candlestick . This is because Crude still has room to hit a possible resistance.

Comments