mql5

Crude Oil price is on bearish breakdown for crossing 36.29 support level from above to below for the bearish trend to be continuing. Chinkou Span line of Ichimokuy indicator is located below the price indicating the secondary breakdown within the primary bearish, and Absolute Strength indicator is estimating the ranging bearish market condition.

If close H4 price breaks 36.29 support level so the primary bearish will be continuing up to 36.13 as the next bearish target to re-enter.
If close H4 price breaks 37.67 resistance level so the local uptrend as the bear market rally will be started with the good possibility to the reversal of intra-day price movement from the primary bearish to the ranging bullish condition.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close the price to break 37.67 for possible buy trade
• Recommendation to go short: watch the price to break 36.29 support level for possible sell trade
• Trading Summary: bearish

Resistance	Support
37.67	36.29
39.83	36.13