Crude Oil Tested 50 USD levels and price reacted from this level.
There is a supply zone between 50-52 USD .
When we look at the H4 chart on CRUDE OIL possible pullbacks towards 47.10 levels are normal.
The first important level is 48.80 . This is the mid channel of BB and acts as a support .H4 closing above this level will carry the CRUDE OIL price to 47.80 USD.
Breaking above 48.80 will take the price to 44 USD levels again.
Closings above 50 USD will confirm us the 52 USD and 54 USD where are the perfect levels to enter SHORT trade.
Good Luck
There is a supply zone between 50-52 USD .
When we look at the H4 chart on CRUDE OIL possible pullbacks towards 47.10 levels are normal.
The first important level is 48.80 . This is the mid channel of BB and acts as a support .H4 closing above this level will carry the CRUDE OIL price to 47.80 USD.
Breaking above 48.80 will take the price to 44 USD levels again.
Closings above 50 USD will confirm us the 52 USD and 54 USD where are the perfect levels to enter SHORT trade.
Good Luck
