- Crude oil is trading near its 50% Fibonacci Retrace level of its fall from 147 to 33 levels.
- Crude oil is trading near the resistance line in weekly chart. A dip below 87 will be negative and can take crude to 83 levels.
- Up move will be possible only on a breakout from this pattern and the 50% Fib level at 90.54.
No comments:
Post a Comment