Watching at the 4h chart, I realized that the price has been slowing down since 1st of June till now that has stopped at the 70.50$ per barrel, I also didn't see a strong retest on the 66.50$ per barrel region, so this is another reason on why do I think we are going to see a drop to this level.
Comment:
Still sticking with my idea. I think it will be a rapid fall to the level and a fast recovery too.
Trade closed: target reached:
Took a long time but my prediction was finally completed. T.P hitted.