Crude Oil Technical Correction continues
Crude Oil is testing the lower border of the cloud and below EMA 50.
64.50 is the Fibonacci Expansion 61.80%. RSI is bearish.
An H1 closing below the current level ( 64.75 ) will carry the price 64.50 and 64.06.
64.06 is our main support of today. Break below 64.06 may cause deeper pullbacks towards 63.28 and 62.50. ( We will also focus on the breakout of the red trend line)
If Crude Oil makes H1 closings above 65 USD, the direction will turn north towards 65.60 and 66.40.
64.50 is the Fibonacci Expansion 61.80%. RSI is bearish.
An H1 closing below the current level ( 64.75 ) will carry the price 64.50 and 64.06.
64.06 is our main support of today. Break below 64.06 may cause deeper pullbacks towards 63.28 and 62.50. ( We will also focus on the breakout of the red trend line)
If Crude Oil makes H1 closings above 65 USD, the direction will turn north towards 65.60 and 66.40.
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