Crude Oil break out support line of the uptrend channel. We touch support zone. After oil drop price start to recover. I see 3 resistance level for oil. 1. 55.8$ - 38.2% level fibonacci 2. 59.94$ - 50% level fibonacci 3 64 - 61.8$ level fibonacci also resistance line
But global It look like impulse-correction-impulse
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.