Description
⋅ In order for WTIUSD to go bearish, it will have to break through it's current trend's support, as well as the 120EMA, AND the 50% Fib line.
I believe that Crude has a better chance of going bullish towards the upper trend line, perhaps just after reaching the trend support.
Comment
⋅ Looks like we might be keeping above the Fib line.
Comment
⋅ Broken the 61.8% Fib line and the trend support line. We're going down to the next major channel line. Expected to reach 69.60 region.
Comment
⋅ 3-year high reached. 72.00 in sight?