Using Fibonacci Extensions, the 1.272 line shows the support lines for the next few days leading up to Wednesday 6/17. On Wednesday, at 10:30 the EIA will release the weekly US Crude Oil inventories. Based on that data, prices may bounce off of Wednesday's 1.272 support line, which also acts as the bottom support of the uptrend channel (purple line).
Now I have checked out all of your postings and most are absolutely correct! Well done! I suggest also investigating POINT & FIGURE COUNTS on TVIEW which I find helpful for price projections but you must subscribe to PRO PLUS inorder to get them. I personally was just a free member like you for about 2 years also and recently signed up for PRO PLUS just to get the POINT & FIGURE charts. They are that good in my opinion. Let me know what you think of P&F charts and "wave" counts if you do decide to get them. TVIEW does offer a one month free trial if you contact them to try it out. Hope you like them. Talk more later, bye.
nateusna
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@ED.711.Schaffer, thanks! I will definitely look into P&F charts to better results!