WTI Fib Support Resistance Zones: Crude Oil prices as of June 5

These zones are calculated using Fibonacci Ratios of past price moves.

The chart is stretched Vertically - Drag the Right side axis to change magnification.
There are zones above and below the current window, Drag the Chart up/down to see other zones.
Drag bottom axis to the left to magnify the candle size to view close up.

I will update as new zones are defined by upcoming Fibs.

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I don't just make up those zones from simple landmarks, say like previous highs/lows or pivot points, or whatever. I use multiple fibs to precisely measure each move, than look for confluences that identify zones.

Here is a big picture of my utter mess of a chart that I boiled down to the above

And here is a bit of a zoomed in view

I hope you can see why I take the time to copy each of those zones into a naked chart to post live....

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OIl entering a rather wide zone.
It is wide because no Fib harmonics lined up there.
And it shows consolidation activity in the zone previously.

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Interesting development in Oil.
The zones are holding perfectly.
Some observations/conclusions on chart.

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It broke above resistance, with a little gusto (especially for time of day).

It might test the zone immediately above on main chart, 66.49 - 66.65 range (ie 66.50).

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Oil came back to retest the 65.54.56 zone.
Seems to be of GREAT interest.
I think it will break lower this time.
Supports only hold one or at most twice.

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Uh oh, important level broke.
Down move likely to continue in short term

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Looks like 65.25 probable next stop

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The zones are holding quite nicely, sometimes to the Penny!
I am currently adjusting the zones based on price movement since post.
Hopefully I will have a new chart posted later today.

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Wow, not sure what caused the spike down today.
But it bounced like a super ball off my 65.54/.56 zone.
Waiting to see if there is follow through in either direction now.