Oil is on the verge of breaking a channel that dates back to the initial bullish move from late August
It's still very early on the in the 4H Candle, but a break here can expose lows at 37.73 and potentially trigger further selling pressure to even take out that support. A close of the 4H can provide a clear signal for Oil here.
It's still very early on the in the 4H Candle, but a break here can expose lows at 37.73 and potentially trigger further selling pressure to even take out that support. A close of the 4H can provide a clear signal for Oil here.