Oil Finally a Needed Pullback towards 27-30 Zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

Oil is making a needed pullback towards lower levels. At this point we can see a drop signalled by CAMMACD.Core.

The price on Oil was accumulating at resistance close to 35.00. We can see a clear “slingshot” signal from CAMMACD.Core where the price made a start of the move lower at 33.20. The 4h close below W L3 implies further continuation down towards 27-30 zone. I wouldn’t even exclude a visit to M H3 25.21, but only if the price makes a 4h close below 27.63- W L5 camarilla pivot.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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