US Crude Oil SPOT forum
1 * Retest of the 67
2 * Pullback just to mitigate 67 and then down to 61-60
I am still very bearish on oil.
You can see those support at the bottom need re-visiting.



The Daily shows that the current bearish candle still is the 4th candle with a lower wick that rejected a breakout from the Inside Day's low of 65.015 (that's shown as an orange line.
If that's true by the end of the New York session, then the bulls can rally from the S&R Zone and head for a breakout from the Inside Day's high of 68.860 and go even higher.

Position entry: @64.92
Take profit 1: @65.45
Take profit 2: @65.70
Strict Stop loss: @ 64.70