USOil Analysis Due to expectations of declining consumption, | A1 Trading Setups w/ Nick & Frank

USOil Analysis
Due to expectations of declining consumption, oil prices come down to start the week as it touches support. The commodity retraced down to the 50 DMA paired with a rising supportive trend line on the 1D timeframe. If this price does not hold up, we could see another drop further towards support around the 200 DMA which is also near a double bottom.