UKOIL - Approaching Key Level

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Oil has pulled back to the 0.5-0.618 retrace level of it last leg down and consequently lines up with the previous key level break of $123..

I will wil be watching this area closely to see how price reacts on the smaller timeframes for either a rejection , consolidation at level or possible break through.

Have a great week of trading !

-- MANAGE YOUR RISK - -

Disclaimer: All ideas are my opinion and should not be taken as financial advice.

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