Oil Finally a Needed Pullback towards 27-30 Zone

Dear Traders,

Oil is making a needed pullback towards lower levels. At this point we can see a drop signalled by CAMMACD.Core

The price on Oil was accumulating at resistance close to 35.00. We can see a clear “slingshot” signal from CAMMACD.Core where the price made a start of the move lower at 33.20. The 4h close below W L3 implies further continuation down towards 27-30 zone. I wouldn’t even exclude a visit to M H3 25.21, but only if the price makes a 4h close below 27.63- W L5 camarilla pivot.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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