OIL bearish bias down to $72.50
The price currently trades around $73.37 and appears to be in a retracement phase after a significant sell-off. The overall structure suggests the market may continue to test lower levels with a clear rejection from the recent highs near $75.00, followed by a steady move downward.
Resistance: $74.00, where a rejection occurred
Support: $72.50, which aligns with a previous structure low
Let me know if you agree with my idea ?
Resistance: $74.00, where a rejection occurred
Support: $72.50, which aligns with a previous structure low
Let me know if you agree with my idea ?
iSmashProfit
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