#US OIL approaching Resistance Area , the potential for a Drop!
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
Trading FX & CFDs carries high risk.
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
Trading FX & CFDs carries high risk.