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MoveFX
Nov 17, 2022 1:57 AM

Will sellers push beneath? Short

West Texas OilOANDA

Description

Sellers pushed off the major resistance/supply zone ($94.111=$93.419) at the 4hr timeframe. A perfect break and retest pattern were also created by sellers pushing below the trendline support.
We can see a drawn intraday support level on which the price rests. If sellers should push prices beneath the intraday support zone, then I speculate taking a sell trade. My profit target would be at the Daily lows, $78=$76.500.
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