I saw also fib retracement from the lows with that same number.
News lines up with the technicals.
The supply level at $47 following a very long bullish run up from $26, and still with a downtrend on the monthly. Long DWTI here…
zhipengcfel
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Are you typing wrong? Short DWTI here...
GMOTruths
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No, long DWTI (3x Inverse oil). Short oil/long DWTI.
My target entry for oil shorting is labeled letter E.
After the initial dropoff this morning, I waited for a retracement. The retracement came, and the DWTI long position was entered where CL1 was at 46.50.