USOIL CRUDE OIL: SELL Swing Trading Setup 50%-61.8% FIBO SHORT

Crude oil reaches a very interesting point where traders can start to think about opening a position. As you can see we are under a bearish change with the price under the 100 and 200 moving average with a clear movement of swing trading, minimums and maximums decreasing. The price reaches the 50% Fibonacci Level in confluence with a resistance area and the stochastic shows a Divergence in the overbought area as for RSI also in Divergence. This can be a great scenario for a SHORT swing Trading setup.

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