GhostSquawk

Crude oil selling pressure - #oott

Short
TVC:USOIL   CFDs on WTI Crude Oil
After peaking off at the 115 handle, the black gold has taken a break from the rally. Currently pulling back into the 100 day moving average on the 4 hour chart, we are finding some support here, although the support is looking weak. If we get a break below the current price of 109.70, we are likely going to be headed towards 107.15. This price is a fib level and a moving average level so expect to find buyers around here.

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