Crude Oil - Weekly close above 54.75 $ gives potential to achieve next target price @ 57.72 $
which will be the resistance level @ 57.72 (0.236Fib) & EMA200 @ 57.53 $
which will be the resistance level @ 57.72 (0.236Fib) & EMA200 @ 57.53 $
Note
Oil price hit the EMA200 and completed the fifth wave up , I expect light profit gane it may take the price down to 55-54 $ then it will rebound strongly given the current political circumstances are likely to lead prices up to the 60-70-80 $ levels.
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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.