Possibility of Crude moving further down to 57.5 Levels

22 בדצמ׳ 2019

USOIL

1) Possibility of short-term downtrend to continue.
2) Price closed below the bullish trend line on daily candle.
3) Possible breakdown of 57.42 level on fibonacci.
4) Stochastic cross over with bearish direction.

Setup:
Entry = 60.35
SL= 61.55
TP1= 58.90
TP2= 57.5