Crude’s bounce back to noteworthy resistance at
103.76 offered a fresh opportunity to look at shorts. The failure to
breach the 23.6% Fib Level alongside an intact downtrend suggests
further weakness ahead. However, given the close proximity to nearby
support at 101.36 new positions may be best served on a downside break,
which would put the spotlight on 98.90.
![](https://c.mql5.com/6/2/Crude-Oil-And-Gold-Awaiting-Guidance-From-Top-Tier-US-Economic-Data_body_Picture_6.png)
![](https://c.mql5.com/6/2/Crude-Oil-And-Gold-Awaiting-Guidance-From-Top-Tier-US-Economic-Data_body_Picture_6.png)