Oil Potential bearish drop | 24th June 2022 for NYMEX:CL1! by desmondlzw

On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will rise from our 1st resistance where the horizontal pullback resistance is to our 1st support in line with the horizontal swing low support. Alternatively, price may head for 2nd resistance where the horizontal pullback resistance is. Take note that we are waiting for the break of 1st resistance to confirm the bearish continuation.

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