Trade4God

Is it time for Oil to reverse?

Long
Trade4God Updated   
FX:USOIL   CFDs on Crude Oil (WTI)

Newbie here, first post.

Expecting bounce now that Fib 61.8 has hit a double stop. Expect retrace back to the Fib 23.6 line in the $60 low volume area.
Comment:
Broke the 61.8 Fib line. Looks like it is consolidating. I still expect it to stay in the channel and move back to either the 38.2 or 23.6 Fib line. Both are low volume areas.
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.