The daily supply zone has blocked the rise in oil prices. It is possible that the price of oil will fall by $ 2 to the level of H4 demand.
This is a combined analysis based on "supply and demand", "technical perspective" and of course my experience. If you like it, please click the Like button and write your comments in the comments section.
I see the same thing. Strong reject at 39. But it could have been profit taking on longs.
Ali_Ena
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@MartialFOREX, thank you for your comment. Around 38.5 to 39 there is an H1 supply level from which the price is likely to return. see the picture below: