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Crude Oil - 4h Chart Analysis

CFDs på WTI råolja (TVC:USOIL)  
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TVC:USOIL   CFDs på WTI råolja
Trend Analysis Chart Patterns Technical Indicators Crude Oil CL Crude Oil WTI usoilforecast oiltrading oilforecast Oil
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trendanalysis chartpattern indicator crudeoil cl usoil usoilforecast oiltrading oilforecast oil
The trend remains bearish for now but it`s possible to see a retrace towards the Resistance Level of 53.25 with the condition that the price will cross the Pivot Level.

But if the price will bounce back from the Pivot Level, the main scenario remains the one according to which the target price is the Support Level of 52$/barrel.

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