$CL_F ($USDWTI) should reverse at 45.67 Long

U.S. DOLLAR / WTI CRUDE OILICE

Description

⋅ Nov 27, 2016 3:01 PM

When I drew the tramlines and fib, they matched. I then noticed the gap between the 61.8% and 50% fibs. If you add in support and assume OPEC will agree cuts next week, then you have five pieces of evidence which point to the same thing.

Comments

rauan

⋅ Nov 28, 2016 2:38 PM

Nice forecast indeed. Are you looking forward to updating recent high above 49.2?

elroytrader1

⋅ Nov 28, 2016 4:57 PM

@rauan, Well the tramlines take you there. Depends on OPEC I guess.