Crude Oil 63?
Decembers ascending trendline from the end of 2018 as you can see price has closed below it, I can see consolidation within the 4hr range and support. (green)
With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further.
I feel there is too much compression of resistance above the price.
Ending the last 4hr bar with a hammer/pin is a decent sign also of confirmation
15minute has retest the trendline previously mentioned and already rejected off during the last few hours of trading last week.
With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further.
I feel there is too much compression of resistance above the price.
Ending the last 4hr bar with a hammer/pin is a decent sign also of confirmation
15minute has retest the trendline previously mentioned and already rejected off during the last few hours of trading last week.
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