Rising into 38.2% Fibonacci resistance?

5월 17일WTI oil is rising towards a resistance level which is a pullback resistance that is slightly above the 38.2% Fibonacci retracement and could reverse from this level to our take profit.

Entry: 80.06
Why we like it:
There is a pullback resistance that is slightly above the 38.2% Fibonacci retracement.

Stop loss: 81.56
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.

Take profit: 77.06
Why we like it:
There is a pullback support level.