Oil ready to exit uptrend channel

FX:USOIL   CFDs on Crude Oil (WTI)

-Oil is currently bouncing off the Fibonacci 1.272 extention line (set my high at $62.55 and low of $50.56)

-If Oil             does not get back in the uptrend channel withing the next few days.....we are in for another big drop just like the previous glut.
Right you are Nateusna! Your call was bang on the money!!!! Well done!!!
nateusna Ed.711.Schaffer
@Ed.711.Schaffer, Thanks! yea made some big gains on that move....Oil is super volatile these days
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