Back to $50 per barrel before going to 120 ?
The simple answer is we dont know. but all we know is that we have a complete or about to be completed classic impulsive 12345 progression wave. what usually follows after this kind of moves is going back to one of the fib retracement levels (i.e 0.38 as an example) before going more upside.
Trade responsibly
Trade responsibly
Note
70 is the next support. keep shorting fellasNote
Wait for correction, our next Support level is 50
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Disclaimer
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.