OIL Support and Resistance Analysis

TVC:USOIL   CFDs on WTI Crude Oil
At the moment, OIL is moving between the channel. We are in bearish but still face up in consolidation situation which will bring us lower after break this channel. The fibonacci level 78.6 will be a good opportunity to sell OIL and hopefully it will break the channel and move down further. Let's see how OIL will be going.


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