UsOil is heading back to form another higher low on downtrend

8 May 2023

So far have been catching this awesome downtrend movement of oil since last two weeks. Recently it already made a lower low on the trend which I'm expecting it to form another lower high in the newly formed resistance and in the psychology level (74.00). When this happens SL should be 10 pips higher or exactly 75.00. TP level should be from 67.50 to 70.00