Oil ready to exit uptrend channel
WEEKlY CHART:
-Oil is currently bouncing off the Fibonacci 1.272 extention line (set my high at $62.55 and low of $50.56)
-If Oil does not get back in the uptrend channel withing the next few days.....we are in for another big drop just like the previous glut.
-Oil is currently bouncing off the Fibonacci 1.272 extention line (set my high at $62.55 and low of $50.56)
-If Oil does not get back in the uptrend channel withing the next few days.....we are in for another big drop just like the previous glut.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.