azizhk
Short

Crude Oil (WTI), D, FXCM

FX:USOIL   Crude Oil (WTI)
161 0 4
Oil             is already meeting with resistance at 50MA, then 100MA is just above waiting! Then comes the long time trend line as drawn. I am expecting price to bounce off these resistances and head lower in the at least the short term.
Comment: Oil found resistance close to the trend line and just short of the 61% fib retracement level.
Comment: Finally, oil found resistance at 78.6% fib replacement.
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