On a short term basis . Oil is correcting ,
Fib most probable stops @ 47.20 38 %
@ 47.62 50 %
@ 48.02 61.8%
Then it will continue its downward move mos likely breaking the Low @ 45.91
I will be short when OIL shows negative Momentum given by the H. ashi candlestics the AO osc.
and the Stochastis which is quite near the over bought territory
Fib most probable stops @ 47.20 38 %
@ 47.62 50 %
@ 48.02 61.8%
Then it will continue its downward move mos likely breaking the Low @ 45.91
I will be short when OIL shows negative Momentum given by the H. ashi candlestics the AO osc.
and the Stochastis which is quite near the over bought territory