BCOUSD H4 | Bearish momentum persists

TitleBCOUSD H4 | Bearish momentum persistsTypeBearish ReversalPreference:Price could rise towards the pivot point of 85.906 which is a pullback resistance and potentially reverse from here; we could see momentum carry price down to its 1st support at 83.087 which is a pullback support level.Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance at 87.215 which is a pullback resistance that aligns with the 23.6% Fibonacci retracement level.To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.