MrWorld

Support and Resistance Levels for Oil

TVC:USOIL   CFD sur Pétrole brut WTI
With gas prices at an extreme high, driven also by inflation, monitoring crude oil became even more interesting recently.

Lower timeframes broke down nicely, H6 went into bearish market structure recently and as of yesterday, price was below $100.

Daily support below marks a significant level, price action around the support area will point towards the coming course of Oil.

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