USOILSPOT H4 | Resistance overhead?
USOILSPOT could rise into an overhead resistance and potentially reverse from here. Price could hit our sell entry at 73.824 which is an overlap resistance that aligns close to the 38.2% Fibonacci retracement and fall to our take profit level at 71.383 which is an overlap support that aligns with the 61.8% Fibonacci retracement. Stop loss is at 75.759 which is an overlap resistance which is close to the 50.0% Fibonacci retracement.
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