Watch this level: WTI Oil Daily

FX:USOIL   CFDs on Crude Oil (WTI)
1376 5 14
The next potential key resistance area to watch for the NYMEX light sweet crude over the near term.. watch for a reversal or a breakout. A good trade could be at hand soon. visit.. vote..subscribe
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did a mistake..this is the correct chart i wanted to post. Thanks for sharing your analysis with us.

Hey technician, I just wanted to clarify about what you mean by reversal. I know what reversal is but would you call it a reversal when a certain criteria is met. For example, in this setup if we break and close below previous lower high at around 47.01, is it at that moment we can call it a reversal? Thanks !!
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Technician medrachahi
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