OIL is now in corrective mode from the upside that began in Oct/20 at 33.67.
The upside channel was broken and I expect some choppiness between 75 (major resistance) and FIBO supports at 59.53 (50%) and 53.42 (61.8%).
I don´t see any trades to be taken right now. The first corrective Wave (blue A) seems to be complete, but further price action is needed.
The upside channel was broken and I expect some choppiness between 75 (major resistance) and FIBO supports at 59.53 (50%) and 53.42 (61.8%).
I don´t see any trades to be taken right now. The first corrective Wave (blue A) seems to be complete, but further price action is needed.
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