jorhl

USOIL short from retracement

Short
TVC:USOIL   CFDs on WTI Crude Oil
Expecting to see Oil push the price back to 59 region for any sell opportunities.
Key level of 58.70 is aligning with Fib 61.8 retracement level, so keeping my eyes on these fib retracement levels for potential sell positions.
Since liquidity has been high around the 60.00 level, where the wicks are occurring, it would make a great Risk to Reward to catch short positions from 78.6 fib retracement with the target being 55.00 / Fib 27% extension level.
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