Have you seen that huuuge red candle on WTI? No doubt, the price reached a key monthly structure, and bears started to push.
In order to catch a swing move, keep monitoring a rising parallel channel. For now, its support is the last resort for buyers to buy from. Being broken, it will trigger a strong bearish move.
Next supports will be: 72.0 70.0
Remember, in case of an occasional bull breakout of a yellow zone, setup will be invalid.
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