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CRUDE OIL PRICE ACTION STUDY

Kort
BLACKBULL:WTI   WTI Light Crude Oil
NOTE THAT THIS IS PUERLY TECHNICAL ANALYSIS

Price reacted beautifully from the Daily Bearish Orderblock and broke to the downside
Now we are currently sitting below the 50% Equilibirm Fib Retracement level. IF we should go above the 50% fib level, i would expect that price should reach into the FVG and then continue on its way to the downside

We could potentially see a downwards movement to about $60, we all should be prepared for anything

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