Type: Bearish ReversalKey Levels:Resistance: 113.112Pivot: 112.062Support: 109.008Preferred Case:Prices are on bearish momentum. We see the potential for a dip from our Pivot at 112.062 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci retracement towards our 1st support at 109.008 in line with 78.6% Fibonacci Projection. Ichimoku is forecasting the bearish dip.Alternative Scenario:Alternatively, Prices might climb higher towards our 1st resistance at 113.112.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/usoil-h1-or-potential-for-bearish-dip"
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