The US oil rallied in previous week and reached its resistance level of 80$ now the price is retracing to its fib levels. A key level is its 0.5- & 0.618 level which is also supported by trendline. If these level are able to sutain then entry can be taken.
Cautious approachmust be taken as it bearish divergence is in play and drop the price more low.
Cautious approachmust be taken as it bearish divergence is in play and drop the price more low.
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