FibLines

Oil to Bounce Next Week?

NYMEX:CL1!   Light Crude Oil Futures
#Oil stuck in 59 area after the big selloff. Looking for resolution next week. Brief move to 58.70 was concerning but buyers hurried in. All 3 support areas have held thus far. Channel intact. Bounce targets $61. Probability is to upside imo. If it breaks, support ~56. $WTI $USO
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