Oil hit the 1.414 fib on the chart which is 59.30.
It made a low of 59.29 - talk about accuracy.
I'd observe the price action carefully before entering a long position in the coming week but there is a high chance it'll retrace back to the 64.5 mark.
It made a low of 59.29 - talk about accuracy.
I'd observe the price action carefully before entering a long position in the coming week but there is a high chance it'll retrace back to the 64.5 mark.