Spot WTI Crude Oil
Short

Oil: Sellers setting up for further downside?

143
Today's focus: Oil

Pattern – 1st leg Pull back
Possible targets – 72.75
Support –
Resistance –

After Friday’s strong move lower, could we see further selling before oil stabilises after last week’s firm rally back to the $80 Handel? That’s the question I am asking in today’s video, and if we do see further selling, we will also be looking for signs that buyers are looking to form a new continuation higher, maintaining the first leg break out.

Have a great day and good trading.

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