tradingwithyg
Short

Bearish Oil Continuation?

OANDA:WTICOUSD   West Texas Oil
After a strong selloff last week, oil is having a relief rally back to the upside. I am looking for price to reject the ~$60 level before continuing lower. So far price respected trend resistance. If S/R does not hold I expect price to test trend resistance and reject that level. If it can do that, it would be in line with the bearish channel .
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