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Skandhatrade

#US OIL approaching Resistance Area , the potential for a Drop!

Short
Skandhatrade  
GLOBALPRIME:XTIUSD   None
Trend Analysis Chart Patterns Beyond Technical Analysis xtiusd Forex Crude Oil WTI Crude Oil
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trendanalysis chartpattern beyondta xtiusd forex usoil crudeoil
Description

US OIL Price is trading the Resistance Area and it is also reacting to the 1HR resistance so it is possible to drop the buying area is 71.262 and we will put the stop-loss above the resistance level of 72.502

Why we like it:
Price Trading in the Resistance area
Formed Evening star candlestick pattern
Attend the 100% fib level


1st support:
70.476
Next Zone area & horizontal swing Low support

2nd Resistance:
69.163
Zone area & horizontal swing Low support

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