Potential Crude Short Opportunity
https://www.tradingview.com/x/QVZU6sMX/
Short term uptrend in a sideways market. Tested resistance level of around 79.60 and retraced to fib level of 0.236. Potential short opportunity once price closes over 9 EMA and MACD indicates sell. Stochastic has already signalled sell in overbought. If price breaks through 0.236 fib level, expect a target of 0.382 level which has acted as previous support.
Short term uptrend in a sideways market. Tested resistance level of around 79.60 and retraced to fib level of 0.236. Potential short opportunity once price closes over 9 EMA and MACD indicates sell. Stochastic has already signalled sell in overbought. If price breaks through 0.236 fib level, expect a target of 0.382 level which has acted as previous support.
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