Crude oil weekly chart shows price hovering inside the cloud with a negative bias...we have nearly completed the 50% retracement from 26$ to 51$...the big question is will it hit the 61.8% where the lower end of the cloud also exist...any closing below the cloud and its all over for crude.
Long entry only above 45$ on a weekly basis as long as the forward cloud is positive.
Long entry only above 45$ on a weekly basis as long as the forward cloud is positive.