Oil still dropping... Landing on $53.63?

Short

CFDs on WTI Crude Oil (TVC:USOIL)

Updated

TVC:USOIL CFDs on WTI Crude Oil

trendanalysis supportandresistance harmonicpatterns indicator oil crude short trump

There seems to be a continuation of selling to the downside and we got some resistance coming at $53.63, as I see on my chart. RSI is low on the 4hr so we might hold or go up a tiny before this move down. This is not trading advice.

Comment:

Support at $53.63

Comment:

Seems to be testing $55 again and appears to be getting rejected.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.