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OIL - Short

Short
OANDA:BCOUSD   Brent Crude Oil
OIL SEEMS TO HAVE FULFILLED ITS RETRACEMENT TO THE 61% FIB

ADDITIONAL CONFLUENCE;

PRICE SEEMS TO HAS ALSO REJECTED OF THE 21 SMA ON THE ON 2HR CHART, PROVIDING AN OPPORTUNITY TO CATCH THE IMPULSE WAVE OF THE ELLIOT WAVE OR LEG 3.

Fib extension levels fall just shy of monthly resistance of $63

USD/CAD chart also shows price is over extended and due a pullback

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