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TheCaffeinatedTrader

US OIL / UK OIL ... Short-Term Reversal (Update)

Short
(USOIL+UKOIL)/2  
TheCaffeinatedTrader  
(USOIL+UKOIL)/2  
Trend Analysis Chart Patterns Technical Indicators Crude Oil WTI Oil Crude Oil brentoil Fibonacci Retracement 618retracement
6
1
trendanalysis chartpattern indicator usoil oil crudeoil brentoil fibonacciretracement 618retracement
1. Nice Structure level
2. 618 Retracement
3. Top of Channel
4. Monthly Fib R3
5. Daily Bearish Engulfing

Don't expect a full reversal for now, but a move down to the 50% with structure confluence is looking probable.

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TheCaffeinatedTrader
Oil Trading in a VERY Interesting Position
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