Crude Oil - Rebound but not reversal

NYMEX:CL1!   Light Crude Oil Futures
In yesterday post, the projection target was 69.48, when price reached this target, the selling remain strong and approach the next target 68.38 last night. The second price target correctly measure the entire downswing (on the right chart). Also in the left chart, price rebound from major fibonacci level 68.54. Two different ways of projection found the same confluence zone indicate significant price level.

If the rebound continue from yesterday low, price is approaching 68.88 to 69.20, if price trade beyond this range indicate stronger rebound.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out