OIL to the downside before further upside targets

Jul 22, 2019

I understand that most of the community is currently bullish on Oil due to the situation with the Oil tanker being seized by the Iranians, however, I believe before we see those further upside targets we will see a Fib correction setup take place with targets of the 61.8, and 78.8 before a retracement to the upside.