CRUDE OIL (WTI) 30.0 LEVEL ON FOCUS!

20 mars 2020

what a nice recover on OIL,
with all these turmoil I am so happy to see a lot of green candles today)

however, though the market recovers, it is too early to talk about trend reversal.

pay attention to 30.0 level, it is the first strong resistance level based on a match between a falling trendline,
horizontal structure and 618 retracement of the last bearish leg.

I will be looking for a signal within the underlined zone expecting a bearish reaction from it.

however, if bulls manage to breakthrough, next goal for buyers will be 35.0 level.

good luck!

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