OIL will recover and trade around the 61.80% golden ratio
Back in March 2018, I posted an analysis (www.tradingview.com/...etracing-towards-1…/) forecasting that EURUSD will trade around the 1.20 levels. Back then EURUSD was trading at 1.25.
Sure enough, in May 2018, EURUSD broke through the 1.20 levels and fell through to trade around 1.14 nowadays.
So today, for the year 2019, I forecast that the price of OIL will recover from its current price of $46-$48 range to trade around $63.43 before the end of December 2019.
Sure enough, in May 2018, EURUSD broke through the 1.20 levels and fell through to trade around 1.14 nowadays.
So today, for the year 2019, I forecast that the price of OIL will recover from its current price of $46-$48 range to trade around $63.43 before the end of December 2019.
Trade closed: target reached:
Target reached beginning of April 2019