Skalonga
Short

a major correction

TVC:USOIL   CFDs on WTI Crude Oil
The 34 mark is proving to be a resistance.

If after the first attempt on May 21st, the second attempt also fails at the 34 level, a major correction to the $25-28 level is imminent.

This level has proven to be a strong resistance and support. Additionally it is a Fibonacci retracement .

Overall, the upward trend in oil should continue, so the $25 mark should serve as support for a price level above $35.

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