Bearish movement possible for Crude Oil when market opens

3 ביוני 2018

Price retraced to 38.2% fibo level after making a bearish impulse move from OPEC's discussion of increasing output. Price also broke from awedge pattern. This is just a pure technical analysis point of view; i feel that the price will continue its bearish move till reaching fibo extension levels or next best support trendline or zones. Cheers! :)